IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/21463.html
   My bibliography  Save this paper

Un nuevo enfoque para el análisis y calificación del Sistema Cooperativo Ecuatoriano
[A new approach to the analysis and rating Ecuadorian Cooperative System]

Author

Listed:
  • Freire González, Paulo Alejandro
  • Vivar Aguilar, Mayra Isabel
  • Maldonado, Diego

Abstract

This document exposes a EWS that is based on two models, the first corresponds to a full econometric model such as the Logistics and the second is a financial model based on OVT for the KMV model. Both models are based on financial indicators CAMEL evaluation methodology for the Cooperative System of Ecuador, so that they become an easy tool for interpretation by the entities that comprise this system as well as the regulator and supervisor, giving rise to easily identify financial crisis phenomena. The models exposed are considered inside the MPT where CAMEL is a traditional finance valuation model and Logit & KMV are new tools like a EWS. Hence, the three models CAMEL, KMV and Logit, are placed to the Ecuadorian cooperative reality in order to establish a rating of each entity that labors in the Cooperative System headed for analyze its current financial situation and identify possible vulnerability of the system.

Suggested Citation

  • Freire González, Paulo Alejandro & Vivar Aguilar, Mayra Isabel & Maldonado, Diego, 2010. "Un nuevo enfoque para el análisis y calificación del Sistema Cooperativo Ecuatoriano [A new approach to the analysis and rating Ecuadorian Cooperative System]," MPRA Paper 21463, University Library of Munich, Germany, revised 05 Mar 2010.
  • Handle: RePEc:pra:mprapa:21463
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/21463/1/MPRA_paper_21463.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
    2. Merton, Robert C, 1974. "On the Pricing of Corporate Debt: The Risk Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 29(2), pages 449-470, May.
    3. Maldonado, Diego & Pazmiño, Mariela, 2008. "Nuevas Herramientas para la Administración del Riesgo Crediticio: El caso de una Cartera Crediticia Ecuatoriana [New Management Tool for Credit Risk analysis: An aplication for Financial Institutio," MPRA Paper 17163, University Library of Munich, Germany, revised 30 Dec 2008.
    4. R. K. Pachauri & Sujata Gupta, 2002. "Editorial," Climate Policy, Taylor & Francis Journals, vol. 2(2-3), pages 127-128, September.
    5. R. Purdy, 2002. "Editorial," Climate Policy, Taylor & Francis Journals, vol. 2(1), pages 1-2, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Salomón Kalmanovitz & Enrique López, 2003. "La Agricultura En Colombia Entre 1950 Y 2000," Borradores de Economia 2937, Banco de la Republica.
    2. Szabó-Morvai, Ágnes, 2003. "Az új bázeli tőkeszabályozás és a belső minősítésen alapuló megközelítés [The new Basel regulations and an approach based on internal rating]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 881-890.
    3. Imhof, Michael J. & Seavey, Scott E., 2014. "Corporate risk-taking, firm value and high levels of managerial earnings forecasts," Advances in accounting, Elsevier, vol. 30(2), pages 328-337.
    4. Gabriela B. Christmann & Karsten Balgar & Nicole Mahlkow, 2014. "Local Constructions of Vulnerability and Resilience in the Context of Climate Change. A Comparison of Lübeck and Rostock," Social Sciences, MDPI, vol. 3(1), pages 1-18, February.
    5. Monasterolo, Irene & de Angelis, Luca, 2020. "Blind to carbon risk? An analysis of stock market reaction to the Paris Agreement," Ecological Economics, Elsevier, vol. 170(C).
    6. Michael Pedersen, 2016. "Pass-Through, Expectations, and Risks. What Affects Chilean Banks’ Interest Rates?," Working Papers Central Bank of Chile 780, Central Bank of Chile.
    7. Tasca, Paolo & Battiston, Stefano & Deghi, Andrea, 2017. "Portfolio diversification and systemic risk in interbank networks," Journal of Economic Dynamics and Control, Elsevier, vol. 82(C), pages 96-124.
    8. Roald A.A. Suurs & Marko P. Hekkert, 2008. "Cumulative causation in the formation of a technological innovation system: The case of biofuels in the Netherlands," Innovation Studies Utrecht (ISU) working paper series 08-04, Utrecht University, Department of Innovation Studies, revised Feb 2008.
    9. João Ribeiro Butiam Có, 2010. "Representação e confinação de estruturas sociais na Guiné-Bissau: uma abordagem sobre conflitos e consensos," Working Papers wp112010, SOCIUS, Research Centre in Economic and Organisational Sociology at the School of Economics and Management (ISEG) of the University of Lisbon.
    10. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2016. "Emerging trends in Asia-Pacific finance research: A review of recent influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 66-76.
    11. Pedrono, Justine, 2022. "The currency channel of the global bank leverage cycle," Journal of International Money and Finance, Elsevier, vol. 126(C).
    12. Eric W. K. Tsang & Bruno S. Frey, 2006. "The as-is journal review process: Let authors own their ideas," CREMA Working Paper Series 2006-09, Center for Research in Economics, Management and the Arts (CREMA).
    13. Westerhoff Frank H. & Wieland Cristian, 2004. "Spillover Dynamics of Central Bank Interventions," German Economic Review, De Gruyter, vol. 5(4), pages 435-450, December.
    14. Marco Taboga, 2014. "The Riskiness of Corporate Bonds," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(4), pages 693-713, June.
    15. Fernando, Estrada, 2010. "Sencillez y explicación en la teoría económica [Simplicity and explanation in the economic theory]," MPRA Paper 20669, University Library of Munich, Germany.
    16. Helmut Seitz, 2008. "Democratic Participation and the Size of Regions: An Empirical Study Using Data on German Counties," CESifo Working Paper Series 2197, CESifo.
    17. Pedersen, Michael, 2018. "Credit risk and monetary pass-through—Evidence from Chile," Journal of Financial Stability, Elsevier, vol. 36(C), pages 144-158.
    18. Estrada G., Fernando, 2011. "The logic of the violence in the civil war: The armed conflict in Colombia," Perfil de Coyuntura Económica, Universidad de Antioquia, CIE, June.
    19. Muchada Suárez, Alejandro, 2010. "'Housing Without Housing' en Marruecos," Entelequia. Revista Interdisciplinar, Entelequia y Servicios Académicos Intercontinentales SL, issue 12, pages 235-248, Fall.
    20. Bernard, C. & De Gennaro Aquino, L. & Vanduffel, S., 2023. "Optimal multivariate financial decision making," European Journal of Operational Research, Elsevier, vol. 307(1), pages 468-483.

    More about this item

    Keywords

    Modelo de Evaluación CAMEL; Sistema de Alertas Tempranas; Modelo Logit Dicotómico; Matriz de Transición; Modelo Merton; Cadenas de Markow; Valoración de Opciones; Enfoque de Señales.;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • G01 - Financial Economics - - General - - - Financial Crises

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:21463. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.