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Riesgo operativo en el sector salud en Colombia
[Operational Risk in the Health Sector in Colombia]

Author

Listed:
  • Franco-Arbeláez, Luis Ceferino
  • Franco-Ceballos, Luis Eduardo
  • Murillo-Gómez, Juan Guillermo
  • Venegas-Martínez, Francisco

Abstract

In this research, based on the guidelines of the Basel agreements and its relationships with the health sector according to the respective resolutions of the Ministry of Social Protection of Colombia, the operational risk in the social security in Colombia is quantified in the context of so-called advanced measurement approaches (AMA), particularly the Loss Distribution Approach (LDA). To do this, the Monte Carlo simulation method and the Panjer’s (1981) recursion algorithm are used.

Suggested Citation

  • Franco-Arbeláez, Luis Ceferino & Franco-Ceballos, Luis Eduardo & Murillo-Gómez, Juan Guillermo & Venegas-Martínez, Francisco, 2015. "Riesgo operativo en el sector salud en Colombia [Operational Risk in the Health Sector in Colombia]," MPRA Paper 63149, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:63149
    as

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    References listed on IDEAS

    as
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    2. repec:cup:astinb:v:23:y:1993:i:02:p:227-258_01 is not listed on IDEAS
    3. repec:ere:journl:v:xxxii:y:2013:i:1:p:31-72 is not listed on IDEAS
    4. repec:cup:astinb:v:12:y:1981:i:01:p:27-39_00 is not listed on IDEAS
    5. Martínez Sánchez José Francisco & Venegas Martínez, 2013. "Riesgo operacional en el proceso de pago del Procampo. Un enfoque bayesiano," Contaduría y Administración, Accounting and Management, vol. 58(2), pages 221-259, abril-jun.
    6. Frachot, Antoine & Roncalli, Thierry & Salomon, Eric, 2004. "The Correlation Problem in Operational Risk," MPRA Paper 38052, University Library of Munich, Germany.
    7. repec:cup:astinb:v:12:y:1981:i:01:p:22-26_00 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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