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Determinantes de la Rentabilidad de los Bancos en Colombia: ¿Importa la Tasa de Cambio?

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  • José Eduardo Gómez Gónzalez
  • Jorge Marío Uribe Gil
  • Hernán Piñeros Gordo

Abstract

En este artículo se analizan los principales determinantes de la rentabilidad de los bancos comerciales en Colombia durante el período comprendido entre enero de 2000 y mayo de 2007. Se estiman los efectos de los movimientos en la tasa de cambio peso dólar sobre dicha rentabilidad, tanto en un momento de tiempo, como en varios. El modelo estadístico planteado implica la utilización de la metodología de Series de Tiempo de Corte Transversal (Cross-Sectional Time-Series) robusta ante la autocorrelación y la heteroscedasticidad, frecuentes en este tipo de datos. Los resultados parecen indicar que los efectos acumulados de los movimientos en la tasa de cambio sobre el retorno de los activos bancarios son estadísticamente significativos, pero bastante reducidos.

Suggested Citation

  • José Eduardo Gómez Gónzalez & Jorge Marío Uribe Gil & Hernán Piñeros Gordo, 2009. "Determinantes de la Rentabilidad de los Bancos en Colombia: ¿Importa la Tasa de Cambio?," Borradores de Economia 556, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:556
    DOI: 10.32468/be.556
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    More about this item

    Keywords

    Rentabilidad bancaria; tasa de cambio; regulación bancaria; time series-cross section.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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