Abstract

GOMEZ SOTO, Franz  and  GONZALEZ-VEGA, Claudio. Determinantes del riesgo de liquidez y volatilidad diferenciada de los depósitos en el sistema financiero boliviano: Desempeño de las entidades de microfinanzas ante múltiples shocks sistémicos. rlde [online]. 2007, n.8, pp.53-86. ISSN 2074-4706.

In the socio-political Bolivian environment, characterized by frequent systemic shocks that induce losses of confidence, the volatility of deposits reflects liquidity risks. The effects of these shocks on different types of intermediaries are not uniform. The article describes the evolution of this differentiai volatility during recent political shocks. For this, it develops a new, simple indicator of deposit volatility, focused on three dimensions: incidence, depth, and duration of the withdrawal episodes. To explain why microfinance organizations revealed greater ability to deal with the shocks, the article distinguishes a structure effect (derived from the composition of the total and the own volatility of each deposit type) and a perception effect (image of robustness and quality of service). In answering why some intermediaries suffered less than others, the analysis suggests how to improve liquidity risk management.

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