Propuesta metodológica para el cálculo del riesgo sistémico financiero en estudios de Historia Económica: Aplicación para el caso de la banca libre en Antioquia, 1888

A methodology for assessing financial systemic risk in economic history studies: An Application for free banking in Antioquia, 1888

Javier Mejia

MPRA Paper from University Library of Munich, Germany

Abstract: This paper proposes a methodology to calculate the systemic risk in historical research, understanding that the characteristics of non modern financial systems and the availability of information do not enable the use of recent techniques of measuring financial risk. I propose a method of simple application and scarce information requirements, using the degree of leverage as an approximation of the individual risk, and the network theory to determine the allocation of individual risks throughout the system. The methodology is especially useful for studying the banking systems in early corporatizing periods. After been exposed the methodology, which takes as its central axis the shareholders, and the property as base linkages between institutions, it is mentioned its strengths and weaknesses; being, finally, tested in an application for the free banking experience in Antioquia.

Keywords: systemic risk; social network analysis; financial history; free banking; 19th Century; Antioquia (search for similar items in EconPapers)
JEL-codes: G21 G32 N01 N26 N86 (search for similar items in EconPapers)
Date: 2012-12-17
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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