Un enfoque de riesgo de mercado para el análisis del riesgo de liquidez

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Banco de la Republica de Colombia, Temas de Estabilidad Financiera, No: 015

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Daniel Osorio Rodríguez; Dairo Estrada
Banco de la República de Colombia
Riesgo; Bancos; Mercado bancario; Métodos de simulación; Colombia; G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages; G29 - Financial Institutions and Services: Other; D81 - Criteria for Decision-Making under Risk and Uncertainty; Risk; Banks; Banking market; Simulation methods; Liquidez bancaria -- Evaluación; Riesgo bancario -- Evaluación; G21 - Bancos; Instituciones de depósito; Instituciones Microfinancieras; Hipotecas; G29 - Instituciones y servicios financieros: Otros; D81 - Criterios para la toma de decisiones con riesgo e incertidumbre
paper description
A financial crisis usually is due to the emergence of one or more risks to the financial system at a particular point in time. The costs to the economy affected by a crisis are high, which is why financial system stability is of constant concern to economic authorities, including the central banks. According to Sir Andrew Large (2005), Deputy Governor of the Bank of England, this concern should translate into a profound analysis of those risks, the idea being to monitor their course in the interest of preserving financial stability. Nonetheless, any such analysis depends essentially on what is known about the origins of the risks at hand and, more importantly, the underlying forces that might result in a situation were a risk to a particular institution becomes a problem for the financial system as a whole.