<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2022000401033</article-id>
<article-id pub-id-type="doi">10.20430/ete.v89i356.1588</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Financiarización subordinada en América Latina: dolarización, endeudamiento externo e internacionalización de la riqueza]]></article-title>
<article-title xml:lang="en"><![CDATA[Subordinated financialization in Latin America: Dollarization, external indebtedness, and internationalization of wealth]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Malic]]></surname>
<given-names><![CDATA[Estanislao]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Santarcángelo]]></surname>
<given-names><![CDATA[Juan]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional de Quilmes  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Argentina</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Nacional de Quilmes  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Argentina</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2022</year>
</pub-date>
<volume>89</volume>
<numero>356</numero>
<fpage>1033</fpage>
<lpage>1065</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2022000401033&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2022000401033&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2022000401033&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La financiarización remite al proceso mediante el cual mercados, actores, instrumentos e instituciones financieras ganan importancia en el funcionamiento de las economías y donde el excedente generado se destina hacia la acumulación financiera, que desplaza la acumulación productiva (Epstein, 2005). Sin embargo, este proceso es heterogéneo entre regiones y países, y se presenta en la periferia en la forma de &#8220;financiarización subordinada&#8221;, ya que las dinámicas de acumulación global condicionan su inserción asimétrica y dependiente. El presente trabajo pretende examinar un conjunto de aspectos centrales del proceso de financiarización subordinada de los países de América Latina, el cual se manifiesta en la pérdida de espacios monetarios soberanos que se vinculan con el proceso de dolarización de los sistemas bancarios, el grado de endeudamiento y la internacionalización de la riqueza.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Financialization refers to the process by which financial markets, actors, instruments, and institutions gain importance in the functioning of economies and where the surplus generated is directed towards financial accumulation, which displaces productive accumulation (Epstein, 2005). However, this process is heterogeneous among regions and countries, and occurs in the periphery in the form of &#8220;subordinate financialization&#8221;, since the dynamics of global accumulation condition its asymmetric and dependent insertion. This paper aims to examine a set of central aspects of the process of subordinate financialization of Latin American countries, which is manifested in the loss of sovereign monetary spaces, and which are linked to the process of dollarization of banking systems, the degree of indebtedness, and the internationalization of wealth.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[financiarización subordinada]]></kwd>
<kwd lng="es"><![CDATA[América Latina]]></kwd>
<kwd lng="es"><![CDATA[dolarización]]></kwd>
<kwd lng="es"><![CDATA[endeudamiento]]></kwd>
<kwd lng="es"><![CDATA[internacionalización de la riqueza]]></kwd>
<kwd lng="en"><![CDATA[Subordinated financialization]]></kwd>
<kwd lng="en"><![CDATA[Latin America]]></kwd>
<kwd lng="en"><![CDATA[dollarization]]></kwd>
<kwd lng="en"><![CDATA[indebtedness]]></kwd>
<kwd lng="en"><![CDATA[internationalization of wealth]]></kwd>
</kwd-group>
</article-meta>
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