De bancos centrales, juntas monetarias y dolarización
[On central banks, currency boards and dollarization]
AbstractThe 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 15354.
Date of creation: Apr 2001
Date of revision:
banco central; junta monetaria; dolarización;
Find related papers by JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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