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- 2022-04-05 (2)
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Integración financiera subordinada y efectos de la crisis pandémica en Colombia.
Subordinated financial integration and the effects of the pandemic crisis in Colombia.
DOI:
https://doi.org/10.15446/cuad.econ.v40n85.90925Palabras clave:
Financiarización subordinada, vulnerabilidad externa, fragilidad financiera, sistema monetario internacional jerarquizado, Colombia (es)Subordinate financialization, external vulnerability, financial fragility, hierarchical international monetary system, Colombia (en)
La crisis económica y social del coronavirus tiene intensos efectos en Colombia, en términos de producción y empleo. Desde una perspectiva marxista y poskeynesiana, se analiza la integración financiera subordinada, a partir del comportamiento de los flujos de capital internacional y de los stocks de activos y pasivos externos de la economía colombiana en el periodo 1990-2020. Los resultados indican que esta economía se encuentra en una posición de elevada vulnerabilidad externa y fragilidad financiera, evidenciadas en una significativa transferencia de riqueza financiera hacia los países centrales y una débil dinámica de crecimiento, lo cual condiciona la trayectoria económica del país ante el contagio financiero internacional derivado de la pandemia de COVID-19.
The economic and social crisis generated by the coronavirus is causing intense effects in Colombia in terms of production and employment. Based on a Marxist and post-Keynesian perspective, subordinated financial integration is analysed contingent on the behaviour of international capital flows as well as the stock of external assets and liabilities of the Colombian economy during the period 1990-2019. The results indicate that the Colombian economy is in a position of high external vulnerability and financial fragility evidenced by a significant transfer of financial wealth to the central countries and weak growth dynamics, conditioning the country’s economic trajectory in the face of the international financial contagion derived from the COVID-19 pandemic.
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