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Modelo Neomercantilista de Centro y Periferia

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  • Katherina Fernández
  • Roque B. Fernández

Abstract

Se presenta un modelo global donde el Centro emite una moneda que la Periferia utiliza como reserva internacional. El Neomercantilismo se representa con la definición de una política orientada a manter un tipo de cambio real alto para promover la competitividad de la producción de la Periferia. Se distinguen dos alternativas: en la primera, se presenta a la Periferia con perfecta movilidad de capitales reflejando la situación de paises emergentes como Argentina donde el sostenimiento de un tipo de cambio real alto puede colisionar con el objetivo de estabilidad de precios; en la segunda, la movilidad de capitales no es perfecta tratando de representar el caso de un pais emergente como China cuya acumulación de reservas puede tener influencias en el mercado de capitales del Centro con las características de una “crisis subprime”.

Suggested Citation

  • Katherina Fernández & Roque B. Fernández, 2007. "Modelo Neomercantilista de Centro y Periferia," CEMA Working Papers: Serie Documentos de Trabajo. 364, Universidad del CEMA.
  • Handle: RePEc:cem:doctra:364
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    References listed on IDEAS

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