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Moral Hazard In Deposit Insurance: The Case Of Fobaproa

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  • Clemente Hernández Rodríguez

    (Tecnológico de Monterrey, Campus Guadalajara)

Abstract

Este artículo se divide en dos partes. Primero, presenta el escenario institucional (los esquemas de seguros de depósitos) del sistema de la banca comercial en México. Segundo, muestra, usando un modelo probit que bajo FOBAPROA había un problema de riesgo moral. Uno de los hallazgos es que en un régimen privado FOBAPROA impulsa a los bancos a tener menos capital relativo a activos que cuando estaban bajo control gubernamental. También encuentro que FOBAPROA influye en la tazón préstamos a activos. Sin embargo, no encuentro evidencia, de que FOBAPROA anime a los bancos a tener :una razón baja en excedentes a préstamos o en reservas a depósitos. Debido al riesgo moral asociado con el seguro de depósitos, los bancos en problemas, que tienen una razón pequeña de excedentes a préstamos, tienen un incentivo a tomar posiciones especulativas.

Suggested Citation

  • Clemente Hernández Rodríguez, 2005. "Moral Hazard In Deposit Insurance: The Case Of Fobaproa," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 4(2), pages 101-113, Junio 200.
    • Handle: RePEc:imx:journl:v:4:y:2005:i:2:p:101-113
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    References listed on IDEAS

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    More about this item

    Keywords

    FOBAPROA; Moral Hazard; Government Deposit Insurance; Probit Model;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

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