Depositor behavior and market discipline in Colombia

This study examines how depositors choose among different banks and over time in Colombia, focusing on whether they discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the study improves upon conventional market discipline tests. Panel data estimations for 1...

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Autores:
Barajas E., Adolfo
Steiner Sampedro, Roberto
Tipo de recurso:
Work document
Fecha de publicación:
2001
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/7925
Acceso en línea:
http://hdl.handle.net/1992/7925
Palabra clave:
Banking system
Market discipline
Deposit insurance
Colombia
Seguros de depósitos bancarios - Colombia
Instituciones financieras - Colombia
Política monetaria - Colombia - 1985-1999
G21
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
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spelling Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Barajas E., Adolfo5efb5890-6e45-4938-a777-e4ffec005d95600Steiner Sampedro, Roberto0e970f67-fb26-4d01-b75d-2dae9a846c796002018-09-27T16:49:34Z2018-09-27T16:49:34Z20011657-5334http://hdl.handle.net/1992/79251657-719110.57784/1992/7925instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/This study examines how depositors choose among different banks and over time in Colombia, focusing on whether they discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the study improves upon conventional market discipline tests. Panel data estimations for 1985-99 show that depositors prefer banks with stronger fundamentals, and that banks tend to improve their fundamentals after being "punished" by depositors. Banks with stronger fundamentals benefit from lower interest costs and higher lending rates. Market (or "regulatory") discipline therefore appears to exist in Colombia, perhaps thanks to certain key design features of the deposit insurance scheme.40 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 01 Enero de 2001https://ideas.repec.org/p/col/000089/020095.htmlDepositor behavior and market discipline in ColombiaDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPBanking systemMarket disciplineDeposit insuranceColombiaSeguros de depósitos bancarios - ColombiaInstituciones financieras - ColombiaPolítica monetaria - Colombia - 1985-1999G21Facultad de EconomíaPublicationTHUMBNAILdcede2001-01.pdf.jpgdcede2001-01.pdf.jpgIM Thumbnailimage/jpeg15996https://repositorio.uniandes.edu.co/bitstreams/98bcba8d-2834-4265-b44a-a5febcc1c3b2/downloada8cd5c25908027e16b41ef759b6bd039MD56TEXTdcede2001-01.pdf.txtdcede2001-01.pdf.txtExtracted texttext/plain80907https://repositorio.uniandes.edu.co/bitstreams/e288c67e-7d6b-4336-bd98-e171f19a8090/download0269beba8a6b74810cd718a977c8dddfMD55ORIGINALdcede2001-01.pdfdcede2001-01.pdfapplication/pdf151430https://repositorio.uniandes.edu.co/bitstreams/ab800151-f691-4bc1-bbff-f4c6d3c96a99/download3d05d70ff12fdd76567345fc835c6715MD511992/7925oai:repositorio.uniandes.edu.co:1992/79252024-06-04 15:25:48.587http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co
dc.title.none.fl_str_mv Depositor behavior and market discipline in Colombia
title Depositor behavior and market discipline in Colombia
spellingShingle Depositor behavior and market discipline in Colombia
Banking system
Market discipline
Deposit insurance
Colombia
Seguros de depósitos bancarios - Colombia
Instituciones financieras - Colombia
Política monetaria - Colombia - 1985-1999
G21
title_short Depositor behavior and market discipline in Colombia
title_full Depositor behavior and market discipline in Colombia
title_fullStr Depositor behavior and market discipline in Colombia
title_full_unstemmed Depositor behavior and market discipline in Colombia
title_sort Depositor behavior and market discipline in Colombia
dc.creator.fl_str_mv Barajas E., Adolfo
Steiner Sampedro, Roberto
dc.contributor.author.none.fl_str_mv Barajas E., Adolfo
Steiner Sampedro, Roberto
dc.subject.keyword.none.fl_str_mv Banking system
Market discipline
Deposit insurance
Colombia
topic Banking system
Market discipline
Deposit insurance
Colombia
Seguros de depósitos bancarios - Colombia
Instituciones financieras - Colombia
Política monetaria - Colombia - 1985-1999
G21
dc.subject.armarc.none.fl_str_mv Seguros de depósitos bancarios - Colombia
Instituciones financieras - Colombia
Política monetaria - Colombia - 1985-1999
dc.subject.jel.none.fl_str_mv G21
description This study examines how depositors choose among different banks and over time in Colombia, focusing on whether they discipline bank behavior. By controlling for a more comprehensive set of risk/return factors, the study improves upon conventional market discipline tests. Panel data estimations for 1985-99 show that depositors prefer banks with stronger fundamentals, and that banks tend to improve their fundamentals after being "punished" by depositors. Banks with stronger fundamentals benefit from lower interest costs and higher lending rates. Market (or "regulatory") discipline therefore appears to exist in Colombia, perhaps thanks to certain key design features of the deposit insurance scheme.
publishDate 2001
dc.date.issued.none.fl_str_mv 2001
dc.date.accessioned.none.fl_str_mv 2018-09-27T16:49:34Z
dc.date.available.none.fl_str_mv 2018-09-27T16:49:34Z
dc.type.spa.fl_str_mv Documento de trabajo
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dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/workingPaper
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dc.identifier.eissn.none.fl_str_mv 1657-7191
dc.identifier.doi.none.fl_str_mv 10.57784/1992/7925
dc.identifier.instname.spa.fl_str_mv instname:Universidad de los Andes
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url http://hdl.handle.net/1992/7925
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 01 Enero de 2001
dc.relation.repec.spa.fl_str_mv https://ideas.repec.org/p/col/000089/020095.html
dc.rights.uri.*.fl_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.accessrights.spa.fl_str_mv info:eu-repo/semantics/openAccess
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rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-nd/4.0/
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eu_rights_str_mv openAccess
dc.format.extent.none.fl_str_mv 40 páginas
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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