Resumen

LEON, Carlos  y  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.

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

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