Antecedentes históricos de la deuda externa colombiana. De la Paz Británica a la Paz Americana

Mauricio Avella Gómez ()
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Mauricio Avella Gómez: Banco de la República

Revista de Economía Institucional, 2004, vol. 6, issue 11, 157-206

Abstract: This second paper from Mauricio Avella describes the complete cycle of capital exports originating in the United States in the 1920’s: the conversion of United States into a creditor nation; the role of New York as the dominant financial center; and the distribution of United States investments, particularly in South America. Moreover, it examines the availability of these exports to Colombia, and the consequences from collapsing of external credit granted by the United States. Finally, it reviews the balance of the main international creditors when the export cycle of American capital closed in the 1920’s.

Keywords: foreign debt; capital flows; foreign investment; Pax Britannica; Pax Americana (search for similar items in EconPapers)
JEL-codes: E22 F21 F34 N20 (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:rei:ecoins:v:6:y:2004:i:11:p:157-206

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