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Colombia :, Selected Issues

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
Table Of Contents
Cover; Contents; I. The Colombian Banking Sector-A Contingent Claims Analysis; A. Introduction; B. The CCA Framework; C. Some Background on the Colombian Banking System; D. Implementing the CCA Approach for Colombia; Tables; I. 1. Variables Used in Regressions; 2. Stepwise Regressions for Individual Banks; 3. Stepwise Regression for the Banking System; 4. Dynamic Panel Results; E. Concluding Remarks; 5. Results for Granger Causality Tests; II. An Assessment of Financial Sector Indicators For The Colombian Corporate Sector; A. Introduction
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (71 p.)
Specific Material Designation
Form Of Item

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