Characterization and Comparison of the OTC Security Market in Colombia [Caracterización y comparación del mercado otc de valores en Colombia]

Publicado en

  • Revista de Economía Institucional

Resumen

  • This article analyzes some distinctive features of the Colombian OTC securities market. Based on network analysis' statistics and a database of sovereign securities' transactions, this article compares the 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. © 2014, Universidad Externado de Colombia. All rights reserved.

fecha de publicación

  • 2014

Líneas de investigación

  • Market Over the Counter
  • Minimum Spanning Tree
  • Network Analysis
  • OTC
  • Public Debt

Página inicial

  • 223

Última página

  • 250

Volumen

  • 16

Issue

  • 31