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Riesgo Sistémico Y Estabilidad Del Sistema De Pagos De Alto Valor En Colombia: Análisis Bajo Topología De Redes Y Simulación De Pagos

  • Clara Machado


  • Carlos León


  • Miguel Sarmiento


  • Freddy Cepeda


Este artículo estudia la estabilidad del sistema de pagos (SP) de alto valor en Colombia (CUD) ante el incumplimiento de una entidad sistémicamente importante, y evalúa la capacidad de respuesta de las entidades afectadas a partir de la utilización de sus recursos y a través de los mecanismos de liquidez que brinda el Banco de la República. De acuerdo con la literatura reciente, las entidades sistémica¬mente importantes se identifican bajo el concepto de too-connected-to-fail (TCTF) para diferentes escenarios de volatilidad del mercado de TES y de actividad del SP. La estabilidad del SP se evalúa mediante topología de redes (TR) y un modelo de simulación de pagos (MSP), el cual incorpora un algoritmo de resolución de colas recursivo tipo First In First Out (FIFO) y un algoritmo de compensación multilateral.

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Volume (Year): 29 (2011)
Issue (Month): 65 (June)
Pages: 106-175

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Handle: RePEc:col:000107:009972
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