IMF Staff Country Reports

Colombia: Selected Issues

January 26, 2009

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International Monetary Fund. "Colombia: Selected Issues", IMF Staff Country Reports 2009, 024 (2009), accessed 12/20/2025, https://doi.org/10.5089/9781451808964.002

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Summary

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.

Subject: Balance of payments, Capital controls, Capital flows, Commercial banks, Corporate sector, Economic sectors, Exchange rates, Financial institutions, Fiscal policy, Foreign exchange

Keywords: asset, Banco de la República, capital control, Capital controls, capital flow, Commercial banks, Corporate sector, CR, Exchange rates, financing condition, firm, fiscal policy response, Global, ISCR

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