IDEAS home Printed from https://ideas.repec.org/a/ekz/ekonoz/1992302.html
   My bibliography  Save this article

La política monetaria en españa: la historia reciente y la crisis en 1992

Author

Listed:
  • Antonio Argandoña

    (Profesor Ordinario IESE Catedrático de Fundamentos del Analisis Económico (excedente))

Abstract

The monetary policy in Spain has evolved since the first seventies from the control of a monetary aggre ate to a regime of fixed (and theoretically adjustable) exchange rates in the European Monetary System. During two decades the adaptation of the mechanism of control was relatively smooth, but the intermediate objective established in June 1989 (an exchange rate of 65 pesetas per Deutsche mark) proved to be unfeasible. This articie describes the evolution of the Spanish monetary policy in the seventies and eighties, the causes of the unsustainability of the rate of exchange and the development of the crisis of the peseta in 1992.

Suggested Citation

  • Antonio Argandoña, 1992. "La política monetaria en españa: la historia reciente y la crisis en 1992," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 24(03), pages 32-47.
  • Handle: RePEc:ekz:ekonoz:1992302
    as

    Download full text from publisher

    File URL: http://www.ogasun.ejgv.euskadi.eus/r51-k86aekon/es/k86aEkonomiazWar/ekonomiaz/downloadPDF?R01HNoPortal=true&idpubl=20®istro=261
    File Function: complete text
    Download Restriction: no

    More about this item

    Keywords

    política monetaria; tipos de cambios fijos; tipos de interés;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekz:ekonoz:1992302. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Iñaki Treviño). General contact details of provider: http://edirc.repec.org/data/debages.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.