Agrupación de Instituciones Bancarias a Partir del Análisis de Cluster: Una Aplicación al Caso de Chile

Alejandro Jara and Daniel Oda

Working Papers Central Bank of Chile from Central Bank of Chile

Abstract: In this paper, we apply a multivariate method to classify banks according to their degree of similarity, known as cluster analysis. Using balance sheets data for the period 2008-2013 on a set of 23 banks in Chile, we find that the banking industry can be clustered into seven groups of homogeneous institutions: (i) large multi-banks, (ii) medium size multi-banks, (iii) medium size specialized banks, (iv) retail banks, (v) treasury banks, (vi) foreign trade banks, and (vii) banks dedicated to financial services. Additionally, we show that this classification of banks is stable over time, and that can contribute to improve the banking system surveillance in Chile.

Date: 2015-01
New Economics Papers: this item is included in nep-ban and nep-sbm
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Journal Article: Agrupación de Instituciones Bancarias a Partir del Análisis de Clúster: Una Aplicación al Caso de Chile (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:chb:bcchwp:744

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