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What is the role of the interest rate?

Author

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  • Luis E. Rivero Medina

    (Universidad de Los Andes, Instituto de Investigaciones Económicas y Sociales)

Abstract

Una de las divisiones que se hacen de la economía con el propósito de sistematizar su estudio es entre el sector real y el sector financiero de la misma. El sector real tiene que ver con la disponibilidad y utilización de los recursos físicos -mano de obra, capital y bienes suministrados directamente por la naturaleza. El financiero comprende la existencia y requerimientos de fondos: dinero, valores y otros activos. La tasa de interés, además de ser la variable fundamental del sector financiero, es a su vez el eslabón que une a este sector con el real. Y esto porque la tasa de interés es en esencia un precio, que por ser tal, facilita o dificulta la utilización de fondos (sector financiero) en la producción de bienes y servicios (sector real).

Suggested Citation

  • Luis E. Rivero Medina, 1988. "What is the role of the interest rate?," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 13(3), pages 75-80, January-D.
  • Handle: RePEc:ula:econom:v:13:y:1988:i:3:p:75-80
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    More about this item

    Keywords

    Sector real; sector financiero; tasa de interés.;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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