De bancos centrales, juntas monetarias y dolarización

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

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.

• Item Type: MPRA Paper
• English Title: On central banks, currency boards and dollarization
• Language: Spanish
• Keywords: banco central; junta monetaria; dolarización
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies

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