Colombia: Selected Issues

January 26, 2009

Preview Citation

Format: Chicago

Colombia: Selected Issues, (USA: International Monetary Fund, 2009) accessed November 26, 2024

Summary

This Selected Issues paper uses contingent claims analysis (CCA) to assess risks to the Colombian banking sector. The CCA approach is based on the estimation of the default probability by an entity on its obligations, and is widely used by rating agencies to assess creditworthiness in the corporate sector. The paper also estimates the effects of changes in selected macroeconomic and financial variables on default probabilities for a sample of Colombian banks. The sample includes five banks for which market-based default probabilities are available.

Subject: Balance of payments, Capital controls, Capital flows, Commercial banks, Corporate sector, Economic sectors, Exchange rates, Financial institutions, Fiscal policy, Foreign exchange

Keywords: Asset, Banco de la República, Capital control, Capital controls, Capital flow, Commercial banks, Corporate sector, CR, Exchange rates, Financing condition, Firm, Fiscal policy response, Global, ISCR

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/024
Stock No:

1COLEA2009002
ISBN:

9781451808964
ISSN:

1934-7685

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