2010-02-202010-02-202010-02-202010-02-20https://repositorio.banrep.gov.co/handle/20.500.12134/5605This paper studies the determinants of individual bank failures and MyA processes in Colombia during the financial crisis of the late 1990s. Using bank-specific data we estimate competing risk hazards models and find that while profitability and capitalizPDFspaOpen AccessFailing and merging as competing alternatives during times of financial distress: evidence from the colombian financial crisisWorking PaperG21 - Banks; Depository Institutions; Micro Finance Institutions; MortgagesG33 - Bankruptcy; LiquidationC25 - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; ProbabilitiesSurvival analysisCompeting risk modelsColombiaCrisis financiera -- Colombia -- 1990Bancos -- Quiebra -- Colombia -- 1990Fusión de bancos -- Colombia -- 1990Acceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0G33 - Insolvencia; LiquidaciónG21 - Bancos; Instituciones de depósito; Instituciones Microfinancieras; HipotecasC25 - Modelos de regresión discreta y elección cuantitativa; Regresores discretos; Proporciones; ProbabilidadLas 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.https://hdl.handle.net/20.500.12134/5605