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Analizando el riesgo sistémico en Bolivia: una aplicación de modelos de topología de redes y simulación al funcionamiento del Sistema de Pagos de Alto Valor

Author

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  • Jonnathan Cáceres Santos
  • René Aldazosa Inchauste

Abstract

El objetivo del estudio es presentar una nueva herramienta que permita analizar el riesgo sistémico y estimar el contagio financiero directo que podría suceder como resultado del incumplimiento de obligaciones de participantes sistémicamente importantes en el ámbito del sistema de pagos de alto valor. Como una alternativa al enfoque ‘too big to fail’ que considera a los bancos grandes como los de mayor importancia sistémica, el trabajo presenta una herramienta basada en el enfoque ‘too interconnected to fail’ para analizar el riesgo sistémico, que posibilita estudiar las características de las estructuras de las redes, identificar a través de criterios cuantitativos a los agentes sistémicamente importantes y estimar la magnitud y alcance del contagio financiero directo. Los resultados de los modelos de topología de redes y simulación aplicados al caso boliviano durante el período 2007 - 2010, muestran que el contagio financiero directo no hubiera comprometido la condición de estabilidad financiera.

Suggested Citation

  • Jonnathan Cáceres Santos & René Aldazosa Inchauste, 2013. "Analizando el riesgo sistémico en Bolivia: una aplicación de modelos de topología de redes y simulación al funcionamiento del Sistema de Pagos de Alto Valor," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 17(2(2012)-1), pages 45-80, January.
    • Handle: RePEc:blv:journl:v:17-18:y:2012:i:2,2013:i:1:p:45-80
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    References listed on IDEAS

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    More about this item

    Keywords

    Riesgo sistémico; sistema de pagos; topología de redes; modelos de simulación; contagio financiero;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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