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¿Por qué en Colombia el Crédito al Sector Privado es tan Reducido

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  • Adolfo Barajas
  • Enrique López

    ()

  • Hugo Oliveros

Abstract

En Colombia desde finales de la década de los años noventa se observa un estancamiento de crédito real simultáneamente con el mal desempeño de la actividad productiva. Ese comportamiento del crédito generó la preocupación de los representantes del sector privado1 y de las autoridades económicas. El Banco Central en su informe al Congreso de julio de 2000 (p.45) se preguntaba sí la reducción del crédito que se observaba en la economía colombiana estaba ocasionada en un apretón de oferta o en un problema de demanda. Los investigadores económicos colombianos no han estado ajenos a esta discusión y han estudiado el fenómeno desde varios puntos de vista2. Coincidiendo todos los trabajos en la existencia de una reducción del crédito y en la búsqueda de su origen. Este trabajo examina también las causas que llevaron al estancamiento. La diferencia de este trabajo con los trabajos reseñados se encuentra en el enfoque macroeconómico que se tiene en el documento y en la utilización de un modelo econométrico que permite examinar la problemática del crédito en Colombia bajo un esquema lo suficientemente general que permita la posibilidad de desequilibrios en el mercado de crédito. Si esta característica se presenta, los mercados se ajustan por medio de las cantidades y no por un mecanismo de precio, en este caso la tasa de interés3.

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Paper provided by Banco de la Republica de Colombia in its series Borradores de Economia with number 185.

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Handle: RePEc:bdr:borrec:185

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Cited by:
  1. Herrera, Santiago & Hurlin, Christophe & Zaki, Chahir, 2012. "Why don't banks lend to Egypt's private sector ?," Policy Research Working Paper Series 6094, The World Bank.
  2. Fernando Tenjo & Enrique López, 2003. "Credit bubble and stagnation in Colombia, 1990-2001," COLOMBIAN ECONOMIC JOURNAL, UN - RCE - CID.
  3. Alberto Jaramillo & Hermilson Velásquez & Javier Santiago Ortiz & Natalia Serna, 2003. "Aspectos teóricos y empíricos de la relación empresas bancos," DOCUMENTOS DE TRABAJO CIEF, UNIVERSIDAD EAFIT 003922, UNIVERSIDAD EAFIT.
  4. Luz Adriana Flórez & Carlos Esteban Posda & José Fernando Escobar, . "El crédito y sus factores determinantes: el caso colombiano (1990 -2004)," Borradores de Economia 311, Banco de la Republica de Colombia.
  5. Luz Adriana Flórez & Carlos Esteban Posada & José Fernando Escobar, 2005. "Crédito Y Depósitos Bancarios En Colombia (1990-2004): Una Relación De Largo Plazo," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, BANCO DE LA REPÚBLICA - ESPE.
  6. Pastor Enrique Quintero Carvajal & Jorge Edgar Silva Veloza, 2005. "Tolima: deuda pública municipal con el sector financiero 1994-2003," INVESTIGACIONES SOBRE ECONOMÍA REGIONAL - CREE 003647, BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL.

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