Seminari Applied

Antonio Robles

U. Alicante

28-Jun-2017

Seminar 3 – 14:30

Resum

The financial industry plays an important role in the allocation of financial resources. The main goal of this work is to analyze the market structure of the Colombian banking industry for the period between 1994 and 2014 and evaluate the welfare loss associated with existing market power using administrative data from bank’s official financial statements. I find that there is an increasing market power overtime with the associated increase in welfare loss, with a maximum welfare loss of 1.6% of GDP in 2014 that represents a 6% of Colombia’s total government budget. Furthermore, there is a dead weight loss of 1.23 COP per additional extra COP of profit generated by the banking industry.

Baixar pdf
Leave Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

clear formSubmit

This site uses Akismet to reduce spam. Learn how your comment data is processed.