Credit Suisse CEO and chairman Michael Buholzer/Getty Images

Globalización financiera 2.0

WASHINGTON, DC – En el decenio que pasó desde el inicio de la crisis financiera en agosto de 2007, el aspecto de las finanzas globales cambió profundamente. En ese período el flujo transfronterizo total de capitales se redujo un 65%, caída que refleja, en particular, una marcada reducción de la actividad bancaria internacional.

La pregunta que se nos plantea es qué nos dicen estas cifras sobre el estado actual de las finanzas globales. ¿Son prueba de que la “globalización financiera” (el movimiento internacional de capitales) está en retirada? Y si así fuera, ¿está mal?

El repliegue actual refleja un aumento de la aversión a riesgos y de su visibilidad derivado del estallido de la burbuja a fines de 2007. Pero una nueva investigación del McKinsey Global Institute apunta al surgimiento de una forma de integración financiera global más sólida.

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