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¿Por qué en Colombia el Crédito al Sector Privado es tan Reducido

Author

Listed:
  • Adolfo Barajas
  • Enrique López
  • Hugo Oliveros

Abstract

En Colombia desde finales de la década de los años noventa se observa un estancamiento de crédito real simultáneamente con el mal desempeño de la actividad productiva. Ese comportamiento del crédito generó la preocupación de los representantes del sector privado1 y de las autoridades económicas. El Banco Central en su informe al Congreso de julio de 2000 (p.45) se preguntaba sí la reducción del crédito que se observaba en la economía colombiana estaba ocasionada en un apretón de oferta o en un problema de demanda. Los investigadores económicos colombianos no han estado ajenos a esta discusión y han estudiado el fenómeno desde varios puntos de vista2. Coincidiendo todos los trabajos en la existencia de una reducción del crédito y en la búsqueda de su origen. Este trabajo examina también las causas que llevaron al estancamiento. La diferencia de este trabajo con los trabajos reseñados se encuentra en el enfoque macroeconómico que se tiene en el documento y en la utilización de un modelo econométrico que permite examinar la problemática del crédito en Colombia bajo un esquema lo suficientemente general que permita la posibilidad de desequilibrios en el mercado de crédito. Si esta característica se presenta, los mercados se ajustan por medio de las cantidades y no por un mecanismo de precio, en este caso la tasa de interés3.
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Suggested Citation

  • Adolfo Barajas & Enrique López & Hugo Oliveros, 2001. "¿Por qué en Colombia el Crédito al Sector Privado es tan Reducido," Borradores de Economia 185, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:185
    DOI: 10.32468/be.185
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    Cited by:

    1. Luz Adriana Flórez & Carlos Esteban Posda & José Fernando Escobar, 2004. "El crédito y sus factores determinantes: el caso colombiano (1990 -2004)," Borradores de Economia 311, Banco de la Republica de Colombia.
    2. Herrera, Santiago & Hurlin, Christophe & Zaki, Chahir, 2013. "Why don't banks lend to Egypt's private sector?," Economic Modelling, Elsevier, vol. 33(C), pages 347-356.
    3. Fernando Tenjo & Enrique López, 2003. "Credit bubble and stagnation in Colombia, 1990-2001," Colombian Economic Journal, Universidad Nacional de Colombia, FCE, CID, April.
      • Fernando Tenjo & Enrique Lopez, 2003. "Credit bubble and stagnation in Colombia, 1990-2001," Colombian Economic Journal, Academia Colombiana de Ciencias Economicas, Colegio Mayor de Nuestra Senora del Rosario, Pontificia Universidad Javeriana, Universidad de Antioquia, Universidad de los Andes, Universidad del Valle, Universidad Externado de Colombia, Universidad Nacional de Colombia, vol. 1(1), pages 151-191, December.
    4. Luz Adriana Flórez & Carlos Esteban Posada & José Fernando Escobar, 2005. "Crédito y depósitos bancarios en Colombia (1990-2004): una relación de largo plazo," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 23(48), pages 12-63, Junio.
    5. Pastor Enrique Quintero Carvajal & Jorge Edgar Silva Veloza, 2005. "Tolima: deuda pública municipal con el sector financiero 1994-2003," Ensayos Sobre Economía Regional (ESER) 3647, Banco de la República - Economía Regional.
    6. Catalina Delgado González, 2004. "Inversión y restricciones crediticias en Colombia en la década de los noventa," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 22(47), pages 8-55, December.
    7. Ramirez, Francisco A., 2012. "Crédito Al Sector Privado En República Dominicana (1997-2011): ¿Existe Evidencia De Racionamiento Del Crédito? [Private Sector Loans in the Dominican Republic (1997-2011):Is There Evidence of credi," MPRA Paper 68333, University Library of Munich, Germany.
    8. Pastor Enrique Quintero CarvajalAuthor-Email:pquintca@banrep.gov.co Author-Workplace-Name:Banco de la República de Colombia & Jorge Edgar Silva Veloza, 2005. "Tolima: deuda pública municipal con el sector financiero 1994-2003," Ensayos sobre Economía Regional (ESER) 21, Banco de la Republica de Colombia.
    9. Alberto Jaramillo & Hermilson Velásquez & Javier Santiago Ortiz & Natalia Serna, 2003. "Aspectos teóricos y empíricos de la relación empresas bancos," Documentos de Trabajo de Valor Público 3922, Universidad EAFIT.
    10. Enrique A. López-Enciso & Hernando Vargas-Herrera & Norberto Rodríguez-Niño, 2016. "La estrategia de inflación objetivo en Colombia. Una visión histórica," Borradores de Economia 952, Banco de la Republica de Colombia.

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