Since the enactment of Law 100 of 1993, the health care system in Colombia has undergone significant transformations that have resulted in improvements in health indicators, expanded coverage, and financial protection for the population.
Vásquez-Escobar, Diego Mauricio
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Entities and regulators alike are becoming more interested in measuring and the market risk (MR) associated with the trading book1 , given the growing share of investments comprising the financial system’s assets. The Office of the Superintendencia Bancaria (Banking Superintendency)2 in Colombia…
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Derivatives are contingent claims that complete financial markets. Their use allow agents and firms to ameliorate the impact over con-sumption, production and investment given a change in relative prices induced by an active monetary policy. In this sense, derivatives generate in some cases a…
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This paper presents two versions of a spatial competition model for the banking sector. The first version, describes a framework that follows closely Salop´s spatial competition model. This version is modified in the second part by introducing the loan market and default risk probabilities for…