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Crisis financieras: esta vez no es distinto

Author

Listed:
  • Miller Rivera Lozano
  • Nicolás Rivera Garzón

Abstract

Este artículo presenta una discusión sobre las principales características teóricas de las diferentes tipologías de crisis financieras. Para ello, se hace una explicación detallada del funcionamiento del sistema financiero moderno, la historia reciente de la macroeconomía y las propiedades conceptuales y empíri- cas de las crisis financieras. Se concluye que un banco central está limitado para actuar contra burbujas de crédito y que los modelos macroeconómicos actuales no pueden explicar correctamente las interacciones dentro los mercados finan- cieros. Asimismo, se deduce la posibilidad de que las economías emergentes en el ámbito mundial sufran crisis financieras en los tiempos próximos.

Suggested Citation

  • Miller Rivera Lozano & Nicolás Rivera Garzón, 2019. "Crisis financieras: esta vez no es distinto," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 11(1), pages 129-147, February.
    • Handle: RePEc:col:000443:017778
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    File URL: https://editorial.ucatolica.edu.co/index.php/RFYPE/article/view/2894
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    References listed on IDEAS

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    More about this item

    Keywords

    burbuja especulativa; crisis financieras; economías emergentes; macroeconomía; sistema financiero.;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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