Sesgos de comportamiento en los mercados de crédito

• David PEÓN ^[1]
  1. [1] Universidade da Coruña

     Universidade da Coruña

     A Coruña, España

     
• Localización: Papeles de economía española, ISSN 0210-9107, Nº 162, 2019, págs. 48-63
• Idioma: español
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Las finanzas conductuales ofrecen una interpretación intuitiva de los ciclos de crédito bancario. Tras resumir los principales sesgos de comportamiento, y las anomalías que generan en los mercados financieros, profundizamos en el efecto que tienen en la gestión de la información por parte de la banca. Revisamos varios modelos basados en sesgos por parte de algunas de las entidades que ofertan crédito.

    La interpretación conductual implica cuestiones regulatorias relevantes:

    una industria bancaria de exquisito funcionamiento estaría, aun así, expuesta a los sesgos de comportamiento en algunas de sus entidades.

  • English

    The behavioral finance offers an intuitive interpretation of ban k credit cycles. After summarising the main behavioral biases, and the anomalies they lead to in financial marke ts, we delve into the effect they have on information analysis by banks. We review several models based on biased competition by some of the banks that offer cre dit.

    The behavioral interpretation implies relevant regulatory issues: an exquisitely functioning banking industry would still be exposed to the behavioral biases of some market participants.

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