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Crear estabilidad en los mercados financieros latinoamericanos

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  • Liliana Rojas-Suárez
  • Steven R. Weisbrod

Abstract

(Disponible en idioma inglés únicamente) En este trabajo se sostiene que la renuencia de los inversionistas a comprometer dinero a largo plazo en los mercados financieros latinoamericanos es producto de la experiencia. En los años 80, durante los cuales las tasas de interés reales ex ante sobre los activos financieros latinoamericanos fueron desusadamente elevadas, las tasas de interés reales ex post a menudo han sido altamente negativas. En los años 90, los diseñadores de políticas instituyeron programas de estabilización y reformas estructurales que mejoraron el entorno en el que funcionan los mercados financieros. Este trabajo, basándose en un repaso de las experiencias de la región, se demuestra que cuando se aprovechan esas oportunidades se fortalece la confianza de los inversionistas en los mercados de largo plazo.

Suggested Citation

  • Liliana Rojas-Suárez & Steven R. Weisbrod, 1996. "Crear estabilidad en los mercados financieros latinoamericanos," Research Department Publications 4029, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4029
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    References listed on IDEAS

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    1. Mr. Michael G. Spencer & Mr. H. J. Blommestein, 1993. "The Role of Financial Institutions in the Transition to a Market Economy," IMF Working Papers 1993/075, International Monetary Fund.
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