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Es la IED una manera más segura de financiamiento?

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Listed:
  • Eduardo Fernández-Arias
  • Ricardo Hausmann

Abstract

(Disponible en idioma inglés únicamente) Atribuir las crisis financieras a los ingresos de capitales de corto plazo se ha convertido en algo corriente, mientras que la inversión extranjera directa (IED) se considera una forma más segura de financiamiento. La relación entre las crisis y la composición de los flujos de capitales resulta especialmente pertinente en la actualidad, dado que la IED se está haciendo cada vez más predominante en el flujo de capitales hacia América Latina. En este trabajo se cuestiona si la composición de los flujos de capitales y el conjunto de pasivos extranjeros es pertinente para las crisis financieras, bien sea con respecto a su frecuencia, su profundidad o su duración. Se analiza el posible papel de la IED como forma benigna de pasivos externos relacionados con otras clases de pasivos, y se repasan tanto los argumentos analíticos como los empíricos.

Suggested Citation

  • Eduardo Fernández-Arias & Ricardo Hausmann, 2000. "Es la IED una manera más segura de financiamiento?," Research Department Publications 4202, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4202
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