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Las crisis bancarias y el sistema monetario internacional en la Gran Depresión y en la actualidad

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  • Richhild Moessner
  • William A. Allen

Abstract

Identificamos las semejanzas y las diferencias en la escala y la naturaleza de las crisis bancarias de 2008-2009 y de la Gran Depresión, y analizamos las diferencias en la respuesta de política a las dos crisis a la luz de los sistemas monetarios internacionales predominantes. Encontramos que la escala de la crisis bancaria, medida por la reducción internacional del endeudamiento de corto plazo y de los depósitos bancarios totales, fue menor en 2008-2009 que en 1931. Sin embargo, la provisión de liquidez del banco central fue mayor en el contexto de tasas de cambio flexibles de 2008-2009 que en 1931, cuando estaba limitada en muchos países por el patrón oro.

Suggested Citation

  • Richhild Moessner & William A. Allen, 2011. "Las crisis bancarias y el sistema monetario internacional en la Gran Depresión y en la actualidad," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 13(25), pages 43-87, July-Dece.
    • Handle: RePEc:rei:ecoins:v:13:y:2011:i:25:p:43-87
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/rmoessner25.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    crisis bancarias; sistema monetario internacional; liquidez; Gran Depresión; banco central;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations

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