Contracción de crédito en América Latina

Abstract

"This study examines the recent marked slowdown in bank credit to the private sector in Latin America. Based on the study of eight countries (Argentina, Bolivia, Brazil, Chile, Colombia, Perú, México and Venezuela), the magnitude of the slowdown is documented, comparing it to histotical behavior and to slowdown episodes in other religions of the word. Secound, changes in bank balance sheets are examined ti determine whether the credits slowdown is merely a reflection of a slowdown in bank deposits or whether the asset side has changed, Third, following and economic disequilibrium approach used in recent studies of credits slowdown in East Asia and Finland, the paper investigates possible causes for the slowdown in three countries: Colombia, México, and Perú. While both supply and demand factors appear to have played key roles, their relative importance has varied across countries".