SciELO - Scientific Electronic Library Online

 
vol.16 issue31Political and economic growth in Colombia, 1906-2009Determinants of innovation in products or processes: the Colombian case author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand

Journal

Article

Indicators

Related links

  • On index processCited by Google
  • Have no similar articlesSimilars in SciELO
  • On index processSimilars in Google

Share


Revista de Economía Institucional

Print version ISSN 0124-5996

Abstract

LEON, Carlos  and  PEREZ, Jhonatan. Characterization and comparison of the OTC security market in Colombia. Rev.econ.inst. [online]. 2014, vol.16, n.31, pp.223-250. ISSN 0124-5996.

This article analyzes some distinctive features of the Colombian OTC securities market. Based on network analysis’ statistics and adata base of sovereign securities’ transactions, this article comparesthe OTC market with the corresponding organized markets. Results show a structural similarity between OTC and MEC networks, which tends to be robust to random shocks -yet fragile to targeted attacks. Despite SEN determining the hierarchical structure of the sovereign securities market and contributing the most to the value of operations, the overall sovereign securities network’s resembles that of OTC and MEC.

Keywords : market over the counter; OTC; public debt; network analysis; minimum spanning tree.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )