Banks in Colombia : How homogeneous are they?

Simple item page
dc.audiencePolicymakerseng
dc.audienceResearcherseng
dc.audienceStudentseng
dc.audienceTeacherseng
dc.coverage.sucursalBogotáspa
dc.creatorLeón-Rincón, Carlos Eduardoeng
dc.creator.firmaCarlos Leónspa
dc.date.accessioned2017-10-13T08:30:10Zeng
dc.date.available2017-10-13T08:30:10Zspa
dc.date.created2017-10-13spa
dc.date.issued2017-10-13eng
dc.description.abstractIn complex systems, homogeneity (i.e. lack of diversity) has been documented as a source of fragility. Likewise, financial sector’s homogeneity has been documented as a contributing factor for systemic risk. We assess homogeneity in the Colombian case by measuring how similar banks are regarding the structure of their overall financial statements, and their lending, investment, and funding portfolios. Distances among banks and an agglomerative clustering method yield the hierarchical structure of the banking system, which exhibits how banks are related to each other based on their financial structure. The Colombian banking sector displays homogeneous features, especially among the largest banks. Results enable to study to what extent the banking sector is homogeneous, and to identify banking firms that have a (n) (un) common financial structure. Yet, as we neither examine Colombian banking system complexity nor banks’ soundness nor higher dimensions of diversity, conclusive inferences about systemic risk and financial stability are pending.eng
dc.format.extent31 páginas : gráficas, tablasspa
dc.format.mimetypePDFspa
dc.identifier.handlehttps://hdl.handle.net/20.500.12134/6335spa
dc.identifier.urihttps://repositorio.banrep.gov.co/handle/20.500.12134/6335spa
dc.language.isoengeng
dc.publisherBanco de la República de Colombiaspa
dc.relation.doihttps://doi.org/10.32468/be.1022spa
dc.relation.ispartofDocumentos de trabajospa
dc.relation.ispartofseriesBorradores de Economíaspa
dc.relation.isversionofBorradores de Economía; No. 1022spa
dc.relation.numberBorrador 1022spa
dc.relation.repechttps://ideas.repec.org/p/bdr/borrec/1022.htmlspa
dc.rights.accessRightsOpen Accesseng
dc.rights.ccAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0eng
dc.rights.disclaimerLas opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.spa
dc.rights.spaAcceso abiertospa
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/eng
dc.source.bibliographicCitationAnderson, P. (1999). Complexity theory and organization science. Organization Science, 10(3), 216-232.eng
dc.source.bibliographicCitationArthur, W.B. (1999). Complexity and the economy. Science, 284, 107-109.eng
dc.source.bibliographicCitationHalkidi, M., Batistakis, Y., & Vazirgiannis, M. (2001). On clustering validation techniques. Journal of Intelligent Information Systems, 17, 107-145.eng
dc.source.handleRepecRePEc:bdr:borrec:1022spa
dc.subjectAglomeraciónspa
dc.subjectBancosspa
dc.subjectDiversidadspa
dc.subjectRiesgo sistémicospa
dc.subjectAprendizaje automáticospa
dc.subject.jelC38 - Classification Methods; Cluster Analysis; Principal Components; Factor Analysiseng
dc.subject.jelG21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgageseng
dc.subject.jelL22 - Firm Organization and Market Structureeng
dc.subject.jelL25 - Firm Performance: Size, Diversification, and Scopeeng
dc.subject.jelspaL25 - Rendimiento de la empresa: tamaño, diversificación y alcance de la empresaspa
dc.subject.jelspaG21 - Bancos; Instituciones de depósito; Instituciones Microfinancieras; Hipotecasspa
dc.subject.jelspaC38 - Métodos de clasificación; Análisis cluster; Análisis de componentes principales; Análisis factorialspa
dc.subject.jelspaL22 - Organización de la empresa y estructura de mercadospa
dc.subject.keywordClusteringeng
dc.subject.keywordBankseng
dc.subject.keywordDiversityeng
dc.subject.keywordSystemic riskeng
dc.subject.keywordMachine learningeng
dc.subject.lembSistema financiero -- Colombiaspa
dc.subject.lembRiesgo financiero -- Colombiaspa
dc.subject.lembEstabilidad financiera -- Colombiaspa
dc.subject.lembBancos -- Colombiaspa
dc.titleBanks in Colombia : How homogeneous are they?eng
dc.typeWorking Papereng
dc.type.hasversionPublished Versioneng
dc.type.spaDocumentos de trabajospa

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
be_1022.pdf
Size:
1.88 MB
Format:
Adobe Portable Document Format
Description:
Borradores de Economía No. 1022
Download
License bundle
Now showing 1 - 1 of 1
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Borradores de Economía