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Estructura del mercado de créditos y tasas de interés: una aproximación al segmento de las microfinanzas

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  • Rebolledo Abanto, Paul A.
  • Soto Chavéz, Robert

Abstract

A través de un modelo microfundado, los autores analizan la estructura del mercado de créditos en dos de sus segmentos: corporativo y microfinanzas. Haciendo uso de un modelo de datos de panel para el período 1998-I a 2002-II, se concluye que las entidades que operan en el segmento de microfinanzas gozan de cierto poder de mercado para influir sobre sus tasas de interés. Este poder es originado posiblemente por la utilización de una tecnología de crédito distinta a la convencional, la cual permite acotar el riesgo de crédito producido por el problema de asimetría de información (que se muestra de una manera más acentuada en este segmento). La carencia de esta tecnología por parte de potenciales competidores estaría dificultando su entrada al segmento. Por el contrario, el segmento corporativo se aproxima más a una estructura competitiva, pues las imperfecciones en materia de información son menores y los prestatarios que en él participan cuentan con mayores alternativas de financiamiento.

Suggested Citation

  • Rebolledo Abanto, Paul A. & Soto Chavéz, Robert, 2004. "Estructura del mercado de créditos y tasas de interés: una aproximación al segmento de las microfinanzas," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 11.
  • Handle: RePEc:rbp:esteco:ree-11-04
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    File URL: http://www.bcrp.gob.pe/docs/Publicaciones/Revista-Estudios-Economicos/11/Estudios-Economicos-11-4.pdf
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    References listed on IDEAS

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