Munich Personal RePEc Archive

De bancos centrales, juntas monetarias y dolarización

Ferro, Gustavo (2001): De bancos centrales, juntas monetarias y dolarización.

[img]
Preview
PDF
MPRA_paper_15354.pdf

Download (217kB) | Preview

Abstract

The objective of this article is to present in a systematic war elements to debate the persistence of the option for central banks, against its replacement by currency boards or by a foreign currency in unstable environments. Both, currency boards or "dollarization" could be desirable since the point of view of stability and growth with respect to a traditional central bank agreement. But they entail a loss of degrees of freedom before crisis and they are not time consistent.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.