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La banca y el desarrollo

Author

Listed:
  • Juan Antonio Morales Anaya

    (Banco Central de Bolivia)

Abstract

En el presente trabajo se examinan las características más salientes del sistema financiero boliviano y se revisa el rol desempeñado por el Estado en el financiamiento al desarrollo. La evaluación de las características que tuvo la intermediación de recursos de largo plazo en Bolivia a partir del funcionamiento de la banca estatal, incluyendo la experiencia del Banco Central y sus programas de créditos refinanciados, es desfavorable. Esta experiencia, junto a aquella acumulada a nivel internacional, sugiere la inconveniencia de un eventual reestablecimiento de la banca estatal de desarrollo en Bolivia. Sin dejar de valorar la importancia de las instituciones bancarias, la evolución de los mercados y sistemas financieros está determinando el surgimiento de formas más eficientes de financiamiento al desarrollo. En el caso de Bolivia, un mercado de valores mucho más profundo surge como una necesidad de primer orden para el financiamiento de largo plazo. La participación del Estado en este esfuerzo de diversificación debe orientarse al fortalecimiento del marco legal para permitir el desarrollo del mercado de capitales y a apoyar las actividades de la banca de segundo piso, independiente del Banco Central.

Suggested Citation

  • Juan Antonio Morales Anaya, 2001. "La banca y el desarrollo," Revista de Análisis del BCB, Banco Central de Bolivia, vol. 4(1), pages 9-30, June.
    • Handle: RePEc:blv:journl:v:4:y:2001:i:1:p:9-30
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    File URL: https://www.bcb.gob.bo/webdocs/publicacionesbcb/revista_analisis/ra_vol0401/articulo_1_v4_1.pdf
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    References listed on IDEAS

    as
    1. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
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    Keywords

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    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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