IDEAS home Printed from https://ideas.repec.org/p/bdr/borrec/142.html
   My bibliography  Save this paper

Las Multilaterales y la Crisis Asiática (1997-2000): La Visión desde un País Usuario (Colombia)

Author

Listed:
  • Sergio Clavijo

Abstract

En este documento se analiza, desde la óptica de un país usuario de los recursos de las multilaterales (FMI- Banco Mundial), el proceso de exigencias a estos organismos y las respuestas macroeconómicas que finalmente dieron durante el reciente periodo de crisis internacional (1997-2000). Destacamos, en particular, la magnitud relativa del apoyo financiero que recibió Colombia, incluido el efecto del llamado "Plan Colombia" y se compara con las ayudas recibidas por México (1994-95) y por otros países Asiáticos, Rusia y Brasil. También se ponen en perspectiva histórica los esfuerzos de estas instituciones por construir una "nueva arquitectura financiera" que permita amortiguar los efectos de las crisis financieras. Las mayores exigencias radican en la creación de nuevos estándares de supervisión y en acelerar los programas de recapitalización bancaria y de restructuración de las deudas empresariales.

Suggested Citation

  • Sergio Clavijo, 2000. "Las Multilaterales y la Crisis Asiática (1997-2000): La Visión desde un País Usuario (Colombia)," Borradores de Economia 142, Banco de la Republica de Colombia.
  • Handle: RePEc:bdr:borrec:142
    DOI: 10.32468/be.142
    as

    Download full text from publisher

    File URL: https://doi.org/10.32468/be.142
    Download Restriction: no

    File URL: https://libkey.io/10.32468/be.142?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Fischer, Stanley, 1999. "Reforming the International Financial System," Economic Journal, Royal Economic Society, vol. 109(459), pages 557-576, November.
    2. Stanley Fischer, 1999. "On the Need for an International Lender of Last Resort," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 85-104, Fall.
    3. Asli Demirgüç-Kunt & Ms. Enrica Detragiache, 2000. "Does Deposit Insurance Increase Banking System Stability?," IMF Working Papers 2000/003, International Monetary Fund.
    4. Demirguc-Kunt, Asli & Detragiache, Enrica, 2002. "Does deposit insurance increase banking system stability? An empirical investigation," Journal of Monetary Economics, Elsevier, vol. 49(7), pages 1373-1406, October.
    5. Barry P. Bosworth & Susan M. Collins, 1999. "Capital Flows to Developing Economies: Implications for Saving and Investment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 143-180.
    6. Clavijo Sergio, 1998. "Repensando el desarrollo colombiano para el siglo XXI: lecciones de 35 anos de crecimiento del Sudeste Asiático," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, March.
    7. Collier, Paul & Gunning, Jan Willem, 1999. "The IMF's Role in Structural Adjustment," Economic Journal, Royal Economic Society, vol. 109(459), pages 634-651, November.
    8. Steven Radelet & Jeffrey D. Sachs, 1998. "The East Asian Financial Crisis: Diagnosis, Remedies, Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 1-90.
    9. Gilbert, Christopher & Powell, Andrew & Vines, David, 1999. "Positioning the World Bank," Economic Journal, Royal Economic Society, vol. 109(459), pages 598-633, November.
    10. repec:fth:oxesaf:99-18 is not listed on IDEAS
    11. G. Ferri & L.-G. Liu & J. E. Stiglitz, 1999. "The Procyclical Role of Rating Agencies: Evidence from the East Asian Crisis," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 28(3), pages 335-355, November.
    12. Mr. Claudio M. Loser & Mr. Eliot Kalter, 1992. "Mexico: The Strategy to Achieve Sustained Economic Growth," IMF Occasional Papers 1992/002, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sergio Clavijo, 2000. "Las Multilaterales Y Las Crisis Asiática (1997-2000): La Visión Desde Un País Usuario (Colombia)," Borradores de Economia 3119, Banco de la Republica.
    2. International Monetary Fund, 2006. "Panama: Selected Issues and Statistical Appendix," IMF Staff Country Reports 2006/026, International Monetary Fund.
    3. Goyal, Ashima, 2002. "Reform proposals from developing Asia: finding a win-win strategy," MPRA Paper 30527, University Library of Munich, Germany.
    4. José Antonio Ocampo, 2000. "Recasting the International Financial Agenda," SCEPA working paper series. 2000-18, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    5. Luca Papi & Andrea F Presbitero & Alberto Zazzaro, 2015. "IMF Lending and Banking Crises," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(3), pages 644-691, November.
    6. Robert Dekle & Kenneth Kletzer, 2002. "Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia," NBER Chapters, in: Preventing Currency Crises in Emerging Markets, pages 507-558, National Bureau of Economic Research, Inc.
    7. -, 2002. "Growth with stability: financing for development in the new international context," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2319 edited by Eclac.
    8. Beck, Thorsten & Demirguc-Kunt, Asli & Levine, Ross, 2006. "Bank supervision and corruption in lending," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 2131-2163, November.
    9. Acharya, Viral V. & Yorulmazer, Tanju, 2007. "Too many to fail--An analysis of time-inconsistency in bank closure policies," Journal of Financial Intermediation, Elsevier, vol. 16(1), pages 1-31, January.
    10. Mark Flannery, 2001. "The Faces of “Market Discipline”," Journal of Financial Services Research, Springer;Western Finance Association, vol. 20(2), pages 107-119, October.
    11. Bonfiglioli, Alessandra, 2008. "Financial integration, productivity and capital accumulation," Journal of International Economics, Elsevier, vol. 76(2), pages 337-355, December.
    12. Amara, Tijani & Mabrouki, Mohamed, 2019. "Les normes prudentielles : étude d’impact sur la solvabilité bancaire [Prudential standards: impact study on bank solvency]," MPRA Paper 95455, University Library of Munich, Germany.
    13. Cecile Bastidon & Philippe Gilles & Nicolas Huchet, 2008. "A Selective Bail-Out International Lending of Last Resort Model," Annals of Economics and Finance, Society for AEF, vol. 9(1), pages 103-114, May.
    14. Laeven, Luc, 2000. "Banking risks around the world - the implicit safety net subsidy approach," Policy Research Working Paper Series 2473, The World Bank.
    15. Beck, Thorsten & Laeven, Luc, 2006. "Resolution of failed banks by deposit insurers : cross-country evidence," Policy Research Working Paper Series 3920, The World Bank.
    16. Edward Kane, 2001. "Financial safety nets: reconstructing and modelling a policymaking metaphor," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 10(3), pages 237-273.
    17. Asli Demirguc-Kunt & Edward J. Kane, 2002. "Deposit Insurance Around the Globe: Where Does It Work?," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 175-195, Spring.
    18. Bojidar Bojinov, 2003. "The Deposit Insurance in Bulgaria: Is the time for change?," Finance 0310013, University Library of Munich, Germany.
    19. Barry Eichengreen and Carlos Arteta., 2000. "Banking Crises in Emerging Markets: Presumptions and Evidence," Center for International and Development Economics Research (CIDER) Working Papers C00-115, University of California at Berkeley.
    20. Yilmaz AKYüZ, 2005. "Reforming The Imf: Back To The Drawing Board," G-24 Discussion Papers 38, United Nations Conference on Trade and Development.

    More about this item

    Keywords

    Finanzas Internacionales; Instituciones Financieras; latinoamérica.;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdr:borrec:142. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Clorith Angélica Bahos Olivera (email available below). General contact details of provider: https://edirc.repec.org/data/brcgvco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.