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Un nuevo enfoque para el análisis y calificación del Sistema Cooperativo Ecuatoriano
[A new approach to the analysis and rating Ecuadorian Cooperative System]

Author

Listed:
  • Freire González, Paulo Alejandro
  • Vivar Aguilar, Mayra Isabel
  • Maldonado, Diego

Abstract

This document exposes a EWS that is based on two models, the first corresponds to a full econometric model such as the Logistics and the second is a financial model based on OVT for the KMV model. Both models are based on financial indicators CAMEL evaluation methodology for the Cooperative System of Ecuador, so that they become an easy tool for interpretation by the entities that comprise this system as well as the regulator and supervisor, giving rise to easily identify financial crisis phenomena. The models exposed are considered inside the MPT where CAMEL is a traditional finance valuation model and Logit & KMV are new tools like a EWS. Hence, the three models CAMEL, KMV and Logit, are placed to the Ecuadorian cooperative reality in order to establish a rating of each entity that labors in the Cooperative System headed for analyze its current financial situation and identify possible vulnerability of the system.

Suggested Citation

  • Freire González, Paulo Alejandro & Vivar Aguilar, Mayra Isabel & Maldonado, Diego, 2010. "Un nuevo enfoque para el análisis y calificación del Sistema Cooperativo Ecuatoriano
    [A new approach to the analysis and rating Ecuadorian Cooperative System]
    ," MPRA Paper 21463, University Library of Munich, Germany, revised 05 Mar 2010.
  • Handle: RePEc:pra:mprapa:21463
    as

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    File URL: https://mpra.ub.uni-muenchen.de/21463/1/MPRA_paper_21463.pdf
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    References listed on IDEAS

    as
    1. R. Purdy, 2002. "Editorial," Climate Policy, Taylor & Francis Journals, vol. 2(1), pages 1-2, March.
    2. Merton, Robert C, 1974. "On the Pricing of Corporate Debt: The Risk Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 29(2), pages 449-470, May.
    3. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
    4. Maldonado, Diego & Pazmiño, Mariela, 2008. "Nuevas Herramientas para la Administración del Riesgo Crediticio: El caso de una Cartera Crediticia Ecuatoriana
      [New Management Tool for Credit Risk analysis: An aplication for Financial Institutio
      ," MPRA Paper 17163, University Library of Munich, Germany, revised 30 Dec 2008.
    5. R. K. Pachauri & Sujata Gupta, 2002. "Editorial," Climate Policy, Taylor & Francis Journals, vol. 2(2-3), pages 127-128, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Modelo de Evaluación CAMEL; Sistema de Alertas Tempranas; Modelo Logit Dicotómico; Matriz de Transición; Modelo Merton; Cadenas de Markow; Valoración de Opciones; Enfoque de Señales.;

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • G01 - Financial Economics - - General - - - Financial Crises

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