publication . Article . Preprint . 2002

Credit Stagnation in Latin America

Roberto Steiner; Adolfo Barajas;
Open Access
  • Published: 01 Mar 2002 Journal: IMF Working Papers, volume 2, page 1 (issn: 1018-5941, Copyright policy)
  • Publisher: International Monetary Fund (IMF)
Abstract
This paper 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, Peru, Mexico, and Venezuela), the magnitude of the slowdown is documented, comparing it to historical behavior and to slowdown episodes in other regions of the world. Second, changes in bank balance sheets are examined, investigating whether the credit slowdown is merely a reflection of a slowdown in bank deposits, or whether the asset side has changed. Third, following an econometric disequilibrium approach used in recent studies of credit slowdowns in East Asia and Finland, the...
Subjects
free text keywords: Credit;Latin America;banking system, banking, deposit money, deposit money banks, bank credit,, Balance sheet, East Asia, Latin Americans, Slowdown, Supply and demand, Economics, Financial system, Disequilibrium, medicine.symptom, medicine, Bank credit, Private sector, International economics, Development economics, Monetary policy
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