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

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  • 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
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    References listed on IDEAS

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    1. Fischer, Stanley, 1999. "Reforming the International Financial System," Economic Journal, Royal Economic Society, vol. 109(459), pages 557-576, November.
    2. Clavijo Sergio, 1998. "Repensando el desarrollo colombiano para el siglo XXI: lecciones de 35 años de crecimiento del Sudeste Asiático," REVISTA DESARROLLO Y SOCIEDAD, UNIVERSIDAD DE LOS ANDES-CEDE, March.
    3. 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.
    4. 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.
    5. 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.
    6. Asli Demirgüç-Kunt & Enrica Detragiache, 2000. "Does Deposit Insurance Increase Banking System Stability?," IMF Working Papers 00/3, International Monetary Fund.
    7. Gilbert, Christopher & Powell, Andrew & Vines, David, 1999. "Positioning the World Bank," Economic Journal, Royal Economic Society, vol. 109(459), pages 598-633, 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. 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.
    10. repec:fth:oxesaf:99-18 is not listed on IDEAS
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    More about this item

    Keywords

    Finanzas Internacionales; Instituciones Financieras; latinoamérica.;

    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

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