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Medicion Y Evolucion De Los Margenes De Intermediacion Financiera Para El Caso Colombiano, 1996-2001

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  • Michel Janna
  • Ana María Loboguerrero
  • Adriana López
  • Santiago Muñoz

Abstract

. La medición de los márgenes de intermediación constituye una buena herramienta para el análisis del funcionamiento del sistema financiero. Este estudio tiene como objetivo presentar nuevas propuestas para la medición del margen de intermediación en Colombia, mostrar su evolución para el periodo 1996-2001 y, dilucidar algunas de las razones que expliquen dicha evolución. También se hace referencia al proceso de recomposición de activos que se llevó a cabo por parte de los intermediarios financieros durante ese mismo periodo. Los resultados del estudio revelan que, mientras el margen ex-ante mostró un incremento considerable que comenzó desde enero de 1999 y se ha mantenido a lo largo de 2001, ninguno de los márgenes propuestos medidos con tasas ex-post muestra un comportamiento similar para este periodo. Si bien, se encuentra un leve crecimiento en el margen durante el 2000 y principios de 2001, éste no se puede asociar a un incremento en los ingresos por colocar recursos sino a una reducción en los costos asociados a la labor de intermediación.

Suggested Citation

  • Michel Janna & Ana María Loboguerrero & Adriana López & Santiago Muñoz, 2001. "Medicion Y Evolucion De Los Margenes De Intermediacion Financiera Para El Caso Colombiano, 1996-2001," Borradores de Economia 3197, Banco de la Republica.
    • Handle: RePEc:col:000094:003197
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