This second paper from Mauricio Avella describes the complete cycle of capital exports originating in the United States in the 1920’s: the conversion of United States into a creditor nation; the role of New York as the dominant financial center; and the distribution of United States investments, particularly in South America. Moreover, it examines the availability of these exports to Colombia, and the consequences from collapsing of external credit granted by the United States. Finally, it reviews the balance of the main international creditors when the export cycle of American capital closed in the 1920’s.
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Volume (Year): 6 (2004) Issue (Month): 11 (July-December) Pages: 157-206 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: E22 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements F34 - International Economics - - International Finance - - - International Lending and Debt Problems N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Carlos F. Díaz Alejandro, 1983.
"Stories of the 1930s for the 1980s,"
NBER Chapters,
in: Financial Policies and the World Capital Market: The Problem of Latin American Countries, pages 5-40
National Bureau of Economic Research, Inc.
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