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An empirical characterization of mortgage default in Colombia between 1997 and 2004 |
This paper examines the relationship between mortgage default decisions and relevant observable variables under the light of a random utility model. The focus of the study is the Colombian mortgage market between 1997 and 2004 using two separate data sets that are matched using simulation... |
An Industrial Organization Analysis for the Colombian Banking System |
This paper presents two versions of a spatial competition model for the banking sector. The first version, describes a framework that follows closely Salops spatial competition model. This version is modified in the second part by introducing the loan market and default risk probabilities for... |
Firm Productivity and Cities: The Case of Colombia |
The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.
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Impact Assessment of Scenarios of Interregional Transfers in Colombia |
Las opiniones contenidas en el presente documento son responsabilidad exclusiva del autor y no comprometen al Banco de la República ni a su Junta Directiva.
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Multimarket spatial competition in the Colombian deposit market |
This paper presents a multimarket spatial competition oligopoly model for the Colombian deposit market, in line with the New Empirical Industrial Organization (NEIO) approach. In this framework, banks use price and non-price strategies to compete in the market, which allows us to analyze the... |
Spatial Aspects of Trade Liberalization in Colombia: A General Equilibrium Approach |
This paper offers some preliminary steps in the marriage of some of the theoretical foundations of the new economic geography with spatial computable general equilibrium models. Modeling the spatial economy of Colombia using the traditional assumptions of CGE models makes little sense when one... |
Structural Interdependence among Colombian Departments |
This paper advances on the analysis of the structural interdependence among Colombian departments. The results show that Bogotá has a large influence in the other regional economies through its purchasing power. Additionally, it can be observed a center-periphery pattern in the spatial... |
The Territorial Fiscal Gap in Colombia |
This paper presents an estimation of expenditure needs and fiscal capacity of Colombia’s municipalities and departments in 2014. We use standard per capita norms to estimate the spending needs and data envelopment analysis for the local fiscal capacity. |
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