IDEAS home Printed from https://ideas.repec.org/a/rei/ecoins/v17y2015i32p259-294.html
   My bibliography  Save this article

La titularización en Colombia: veinte años de regulación, 1993-2013

Author

Listed:
  • Constanza Blanco Barón

Abstract

Cuando se examinan procesos como la titularización cabe preguntar si el comportamiento de los agentes obedece a cambios institucionales o si las modificaciones del régimen normativo son una respuesta al comportamiento del mercado o a necesidades de la economía. Este artículo aplica la teoría del cambio institucional de North para examinar los principales hechos que incidieron en el comportamiento de la titularización en general y de la titularización hipotecaria en el mercado colombiano entre 1993 y 2013.

Suggested Citation

  • Constanza Blanco Barón, 2015. "La titularización en Colombia: veinte años de regulación, 1993-2013," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 17(32), pages 259-294, January-J.
  • Handle: RePEc:rei:ecoins:v:17:y:2015:i:32:p:259-294
    as

    Download full text from publisher

    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/cblanco32.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wilfred Dolfsma, 2009. "Structure, Agency and the Role of Values in Processes of Institutional Change," Palgrave Macmillan Books, in: Institutions, Communication and Values, chapter 4, pages 30-51, Palgrave Macmillan.
    2. Edward J. Podolski, 2012. "Regulating Synthetic Securitisation Following the Global Financial Crisis," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 45(1), pages 14-28, February.
    3. Mauricio Rubio & Ana María Arjona (colab.), 2007. "Economía jurídica. Introducción al análisis económico del derecho iberoamericano," Books, Universidad Externado de Colombia, Facultad de Economía, edition 1, volume 1, number 12, August.
    4. Graham Brownlow, 2010. "Structure and change: Douglass North's economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 17(3), pages 301-316.
    5. Hans J. Blommestein & Ahmet Keskinler & Carrick Lucas, 2011. "Outlook for the Securitisation Market," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2011(1), pages 259-276.
    6. Andr Uhde & Christian Farruggio & Tobias C. Michalak, 2012. "Wealth Effects of Credit Risk Securitization in European Banking," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 39(1-2), pages 193-228, January.
    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. Battaglia, Francesca & Buchanan, Bonnie G. & Fiordelisi, Franco & Ricci, Ornella, 2021. "Securitization and crash risk: Evidence from large European banks," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 72(C).
    2. Marques, Manuel O. & Pinto, João M., 2020. "A comparative analysis of ex ante credit spreads: Structured finance versus straight debt finance," Journal of Corporate Finance, Elsevier, vol. 62(C).
    3. Elsner, Wolfram & Heinrich, Torsten, 2009. "A simple theory of 'meso'. On the co-evolution of institutions and platform size--With an application to varieties of capitalism and 'medium-sized' countries," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(5), pages 843-858, October.
    4. Inene Kanzari & Mraihi Fayçal, 2017. "Financial Stability and Prudential Requirements in Tunisian Case," International Business Research, Canadian Center of Science and Education, vol. 10(10), pages 126-131, October.
    5. Solomon Y. Deku & Alper Kara & Artur Semeyutin, 2021. "The predictive strength of MBS yield spreads during asset bubbles," Review of Quantitative Finance and Accounting, Springer, vol. 56(1), pages 111-142, January.
    6. Bonnie G. Buchanan, 2016. "Securitization: A Financing Vehicle for All Seasons?," Journal of Business Ethics, Springer, vol. 138(3), pages 559-577, October.
    7. González, Luís Otero & Rodríguez Gil, Luís Ignacio & Martorell Cunill, Onofre & Merigó Lindahl, José M., 2016. "The effect of financial innovation on European banks' risk," Journal of Business Research, Elsevier, vol. 69(11), pages 4781-4786.
    8. Buchanan, Bonnie G., 2016. "Securitization: a financing vehicle for all seasons?," Bank of Finland Research Discussion Papers 31/2016, Bank of Finland.
    9. Sascha Tobias Wengerek & Benjamin Hippert & André Uhde, 2019. "Risk allocation through securitization - Evidence from non-performing loans," Working Papers Dissertations 58, Paderborn University, Faculty of Business Administration and Economics.
    10. Kraemer-Eis, Helmut & Passaris, George & Tappi, Alessandro, 2013. "SME Loan Securitisation 2.0: Market Assessment and Policy Options," EIF Working Paper Series 2013/19, European Investment Fund (EIF).
    11. Boeddeling, Jann, 2011. "Corporate Social Responsibility: Fundamentalstellung für Kapitalismus und Wirtschaftssoziologie," Wittener Diskussionspapiere zu alten und neuen Fragen der Wirtschaftswissenschaft 17/2011, Witten/Herdecke University, Faculty of Management and Economics.
    12. Tom Dedeurwaerdere & Olivier De Schutter & E Mathijs & Marek Hudon & Sibylle Bui & Ionara Da Costa & Ana Alicia Dipierri & Paula Fernández-Wulff & Hélène Joachain & Tijtske Anna Zwart, 2018. "Food4Sustainability: Collective action for sustainable food systems in a changing climate: assessing social experimentations and policy innovations," ULB Institutional Repository 2013/317131, ULB -- Universite Libre de Bruxelles.
    13. Helder Ferreira de Mendonça & Vívian Íris Barcelos, 2021. "Securitization of assets and risk transfer in a large emerging market: Evidence from Brazil," Bulletin of Economic Research, Wiley Blackwell, vol. 73(4), pages 580-605, October.
    14. Vivian Íris Barcelos & Helder Ferreira De Mendonça, 2016. "Securitization And Credit Risk In The Brazilian Economy," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 115, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    15. Irene Ramos-Vielba & Mabel Sánchez-Barrioluengo & Richard Woolley, 2016. "Scientific research groups’ cooperation with firms and government agencies: motivations and barriers," The Journal of Technology Transfer, Springer, vol. 41(3), pages 558-585, June.
    16. Andres Almazan & Alfredo Martín-Oliver & Jesús Saurina, 2015. "Securization and banks´ capital structure," Working Papers 1506, Banco de España.
    17. Kraemer-Eis, Helmut & Lang, Frank & Gvetadze, Salome, 2013. "European Small Business Finance Outlook: December 2013," EIF Working Paper Series 2013/20, European Investment Fund (EIF).
    18. Nikodem Szumilo & Enrico Vanino, 2021. "Are Government and Bank Loans Substitutes or Complements? Evidence from Spatial Discontinuity in Equity Loans," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(3), pages 968-996, September.
    19. Benbouzid, Nadia & Kumar, Abhishek & Mallick, Sushanta K. & Sousa, Ricardo M. & Stojanovic, Aleksandar, 2022. "Bank credit risk and macro-prudential policies: Role of counter-cyclical capital buffer," Journal of Financial Stability, Elsevier, vol. 63(C).
    20. Prévost, Benoît & Rivaud, Audrey, 2018. "The World Bank’s environmental strategies: Assessing the influence of a biased use of New Institutional Economics on legal issues," Ecosystem Services, Elsevier, vol. 29(PB), pages 370-380.

    More about this item

    Keywords

    cambio institucional; titularización; titularización hipotecaria;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

    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:rei:ecoins:v:17:y:2015:i:32:p:259-294. 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: Paola Rodríguez (email available below). General contact details of provider: https://edirc.repec.org/data/feextco.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.