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Burbuja y Estancamiento del Crédito en Colombia

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  • Fernando Tenjo
  • Enrique López

Abstract

Uno de los problemas más graves que ha afectado a la economía colombiana en los últimos anos es la virtual parálisis del mercado crediticio. Si bien ha ganado aceptación la idea de que la poca dinámica de la cartera crediticia al sector privado está relacionada con la crisis que registró la economía colombiana en 1999, es un hecho que esa misma situación se ha presentado en buena parte de los países emergentes. Este grupo de países comparten episodios previos de reforma estructural y ciclos de afluencia de capitales externos, que fueron seguidos de crisis cambiarias y bancarias. El objetivo de este documento es interpretar la caída del crédito en la economía colombiana en los últimos anos. Se trata de mostrar que la pobre dinámica del crédito en Colombia es reflejo del ajuste de los distintos agentes a los efectos de la crisis productiva y del sistema financiero de finales de la década pasada. A su vez, la naturaleza de estos efectos se explica a partir de la forma como la economía asimiló las reformas estructurales de comienzos del período y los flujos de capital externo que vinieron posteriormente.
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Suggested Citation

  • Fernando Tenjo & Enrique López, 2002. "Burbuja y Estancamiento del Crédito en Colombia," Borradores de Economia 215, Banco de la Republica de Colombia.
    • Handle: RePEc:bdr:borrec:215
    DOI: 10.32468/be.215
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    Cited by:

    1. Ríos Ocampo, Juan Pablo & Olaya Morales, Yris, 2016. "Sostenibilidad del consumo doméstico de materiales de construcción en Colombia, 1990-2013," Revista Lecturas de Economía, Universidad de Antioquia, CIE, issue 86, pages 127-151, December.
    2. 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.
    3. Román Leonardo Villarreal Ramos, 2010. "El mercado de crédito colombiano, un análisis desde las reformas financieras," Revista Equidad y Desarrollo, Universidad de la Salle, November.
    4. Juan Pablo Ríos Ocampo & Yris Olaya Morales, 2017. "Sustainability of the domestic consumption of construction materials in Colombia, 1990-2013," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 86, pages 127-151, Enero - J.

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    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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