Las transferencias procesadas por ACH Colombia: Un análisis desde la perspectiva de topología de redes

Translated title of the contribution: Transfers processed by ACH Colombia: A network topology analysis

Fabio Ortega, Carlos León

Research output: Contribution to journalReview articleScientificpeer-review

Abstract

The aim of this article is to build, visualize and examine the network structure of transfers processed by ACH Colombia, the financial infrastructure that clears and settles most of the value and number of retail electronic transfers ordered by individuals and firms in Colombia. There is evidence to suggest that ACH Colombia’s networks of transfers differ from those usually documented in the financial network literature: they are dense, homogeneous in the distribution of linkages, and highly reciprocal and transitive. The role of financial institutions as processors of payment orders determines this topology; yet, the distribution of the values transferred is heterogeneous, which relates to the size of financial institutions as measured by their asset value or their number of clients. Results are useful for better understanding the functioning of ACH and other retail payment systems.

Translated title of the contributionTransfers processed by ACH Colombia: A network topology analysis
Original languageSpanish
Pages (from-to)109-153
Number of pages45
JournalLecturas de Economia
Issue number88
DOIs
Publication statusPublished - 1 Jan 2018
Externally publishedYes

Keywords

  • Electronic transfers
  • Financial infrastructure
  • Network topology

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