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La Competencia Y El Riesgo En El Sistema Financiero Colombiano

Author

Listed:
  • Rodrigo Fernando Tejada Morales

Abstract

El objetivo de esta tesis es implementar un modelo empírico que permita comprobar si la mayor competencia en el sistema financiero tiene un efecto negativo o positivo sobre la calidad de sus activos. Como media de los cambios en la competencia y el poder de mercado de las entidades se utiliza la q de James Tobin, ya que ningún otro instrumento utilizado hasta ahora en la literatura para este fin permite capturar apropiadamente estos efectos. En la aplicación del modelo se emplearon tres paneles con información de los establecimientos de crédito para Colombia durante el periodo 1989-1997. Su aplicación permitió demostrar que las entidades experimentan un deterioro en la calidad de su cartera a medida que su poder de mercado se incrementa.

Suggested Citation

  • Rodrigo Fernando Tejada Morales, 2006. "La Competencia Y El Riesgo En El Sistema Financiero Colombiano," Documentos CEDE 2951, Universidad de los Andes, Facultad de Economía, CEDE.
    • Handle: RePEc:col:000089:002951
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    File URL: https://repositorio.uniandes.edu.co/bitstream/handle/1992/7983/dcede2006-01.pdf
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    More about this item

    Keywords

    Poder de mercado; riesgo; bancos;
    All these keywords.

    JEL classification:

    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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