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The measurement of money’s value

Author

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  • Luís E. Rivero M.

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

Abstract

Cuando se hace referencia a las variaciones que experimenta determinada moneda en términos de su valor interno (como vehículo para comparar precios o para intercambiar bienes, servicios y pagar deudas dentro de un país) o su valor externo (con relación a un patrón designado, como el dólar) en ocasiones se comete errores o se cae en inexactitudes. En este artículo se plantea, demuestra e ilustra con ejemplos, una ecuación para medir el valor del dinero. La misma se puede aplicar directamente para evaluar el efecto de aumentos y disminuciones de precios en el frente interno, o para calcular depreciaciones y apreciaciones, o alternativamente, devaluaciones y revaluaciones, de cualquier moneda nacional.

Suggested Citation

  • Luís E. Rivero M., 1993. "The measurement of money’s value," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 18(8), pages 111-119, January-D.
  • Handle: RePEc:ula:econom:v:18:y:1993:i:8:p:111-119
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    More about this item

    Keywords

    Valor del dinero; precio de bienes y servicio.;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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