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El crecimiento del crédito en América Latina: ¿Desarrollo financiero o boom crediticio?

Author

Listed:
  • Hansen, Niels-Jakob
  • Sulla, Olga

Abstract

El crédito bancario al sector privado como porcentaje del PBI ha crecido 9 por ciento en América Latina entre 2004 y 2011. En términos reales, el crédito ha crecido incluso más de 20 por ciento en algunos países. Este trabajo analiza los patrones de dicho crecimiento en 18 países de la región y determina si dicho crecimiento es indicio de una mayor profundización del sistema financiero o se está en riesgo de experimentar un “boom” de créditos. Tomando en cuenta los hechos estilizados del crecimiento del crédito en la región, se encuentra que en algunos países de América Latina existen desviaciones positivas y significativas con respecto a su tendencia de largo plazo. Este resultado indicaría que existen riesgos en el desarrollo reciente del mercado del crédito en América Latina.

Suggested Citation

  • Hansen, Niels-Jakob & Sulla, Olga, 2013. "El crecimiento del crédito en América Latina: ¿Desarrollo financiero o boom crediticio?," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 25, pages 51-80.
    • Handle: RePEc:rbp:esteco:ree-25-04
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    More about this item

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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