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El crecimiento del crédito en América Latina: ¿Desarrollo financiero o boom crediticio?

  • Hansen, Niels-Jakob
  • Sulla, Olga

El crédito bancario al sector privado como porcentaje del PBI ha crecido 9 por ciento en América Latina entre 2004 y 2011. En términos reales, el crédito ha crecido incluso más de 20 por ciento en algunos países. Este trabajo analiza los patrones de dicho crecimiento en 18 países de la región y determina si dicho crecimiento es indicio de una mayor profundización del sistema financiero o se está en riesgo de experimentar un “boom” de créditos. Tomando en cuenta los hechos estilizados del crecimiento del crédito en la región, se encuentra que en algunos países de América Latina existen desviaciones positivas y significativas con respecto a su tendencia de largo plazo. Este resultado indicaría que existen riesgos en el desarrollo reciente del mercado del crédito en América Latina.

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Article provided by Banco Central de Reserva del Perú in its journal Revista Estudios Económicos.

Volume (Year): (2013)
Issue (Month): 25 ()
Pages: 51-80

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Handle: RePEc:rbp:esteco:ree-25-04
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