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Competencia de intermediarios financieros en Perú

Author

Listed:
  • Céspedes-Reynaga, Nikita

    (Banco Central de Reserva del Perú
    Pontificia Universidad Católica del Perú)

  • Orrego, Fabrizio

    (Banco Central de Reserva del Perú
    Universidad de Piura)

Abstract

Estimamos el indicador de competencia H de Panzar y Rosse (1987) en la industria bancaria en el Perú para el periodo enero de 2001 hasta diciembre de 2013. Encontramos que este índice se encuentra alrededor de 0.5, consistente con una estructura de mercado de competencia monopolística. No obstante, en los últimos años el comportamiento de H sugiere que la competencia en la industria bancaria en el Perú habría crecido. Estos resultados están en línea con la trayectoria creciente del número de bancos y la reducción del margen de intermediación promedio durante el periodo en consideración. Extendemos el análisis a la industria de las cajas municipales y encontramos que el grado de competencia es mayor que en la industria bancaria. Asimismo, el indicador de competencia tiene una tendencia creciente desde inicios de la muestra, aunque se habría estabilizado en los últimos años. Este resultado está en línea con la trayectoria del margen de intermediación y no guarda relación con el número de competidores.

Suggested Citation

  • Céspedes-Reynaga, Nikita & Orrego, Fabrizio, 2014. "Competencia de intermediarios financieros en Perú," Working Papers 2014-010, Banco Central de Reserva del Perú.
  • Handle: RePEc:rbp:wpaper:2014-010
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    Cited by:

    1. Nikita Céspedes & Nelson Ramirez-Rondán, 2014. "Total Factor Productivity Estimation in Peru: Primal and Dual Approaches," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 37(73), pages 9-39.
    2. Nikita Céspedes Reynaga, 2017. "La demanda de crédito a nivel de personas: RCC conoce a ENAHO," Working Papers 2017-107, Peruvian Economic Association.
    3. World Bank, 2015. "Peru Building on Success," World Bank Other Operational Studies 22984, The World Bank.
    4. Rodríguez, Aldo, 2020. "Estimación Bayesiana de un Modelo de Economía Abierta con Sector Bancario," Dynare Working Papers 52, CEPREMAP.
    5. Renzo Rossini & Zenon Quispe, 2015. "Evolution of bank and non-bank corporate funding in Peru," BIS Papers chapters, in: Bank for International Settlements (ed.), What do new forms of finance mean for EM central banks?, volume 83, pages 273-292, Bank for International Settlements.
    6. Huayta, Katia & Garcia, Antonella & Sotomayor, Narda, 2018. "Competitive Environment and Financial Stability in the Peruvian Microfinance System," Working Papers 2018-005, Banco Central de Reserva del Perú.

    More about this item

    Keywords

    Competencia bancaria; concentración bancaria; márgenes de intermediación;
    All these keywords.

    JEL classification:

    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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