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Renta financiera y solvencia mundial
Palabras clave:
Renta financiera internacional, Solvencia sistémica, Crisis internacional, Economía Internacional. (es)Descargas
En un balance mundial consolidado, los rentistas son los únicos atesoradores intertemporales de
activos financieros netos. Los bancos internacionales reciclan el flujo de ingresos de los rentistas
como crédito hacia el resto del mundo. En esta dinámica circular, la riqueza financiera neta mundial
en relación al PBI crece en función del cociente entre la participación de la renta en el ingreso
mundial y la tasa de crecimiento del PBI. Definimos a este como el cociente de financiarización neta
mundial y lo computamos para 2001-2012.
El crecimiento de la riqueza financiera representa mayor endeudamiento mundial neto, lo que
contribuye a aumentar el riesgo de insolvencia sistémica recesiva como en 2007. De allí en mas,
la política monetaria quedó condicionada a sostener los precios de los activos financieros para
evitar una nueva crisis.
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Derechos de autor 2015 Ensayos de Economía
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