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Financement soutenable et création monétaire en régime de dollarisation : le cas de l'Équateur

Author

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  • Jean-François Ponsot

    () (CREG - Centre de recherche en économie de Grenoble - UPMF - Université Pierre Mendès France - Grenoble 2 - UGA - Université Grenoble Alpes)

Abstract

En régime de dollarisation, le processus de création monétaire et la gestion de la liquidité par la Banque centrale sont contraints. Ceci modifie la dynamique du crédit par rapport à un régime monétaire traditionnel de type Central Banking. Principale conclusion pour l'analyse monétaire, le pouvoir de création de monnaie centrale et le degré d'accommodation de la banque centrale sont déterminants sur l'offre de crédit des banques. Ceci est conforme à l'hypothèse d'endogénéité de l'offre de monnaie développée notamment par les post-keynésiens.

Suggested Citation

  • Jean-François Ponsot, 2012. "Financement soutenable et création monétaire en régime de dollarisation : le cas de l'Équateur," Post-Print halshs-00687369, HAL.
  • Handle: RePEc:hal:journl:halshs-00687369
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00687369
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    File URL: https://halshs.archives-ouvertes.fr/halshs-00687369/document
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    References listed on IDEAS

    as
    1. Claude Gnos & Virginie Monvoisin & Jean-François Ponsot, 2009. "Regional currencies and regional monetary zones in Latin America: what prospects?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 32(2), pages 173-184, December.
    2. Jean-François Ponsot, 2003. "The Obsession of Credibility : A Historical Perspective on Full Dollarization and Currency Boards," International Journal of Political Economy, Taylor & Francis Journals, vol. 33(1), pages 83-99.
    3. Kenneth P. Jameson, 2003. "Is It Possible to De-Dollarize? : The Case of Ecuador," International Journal of Political Economy, Taylor & Francis Journals, vol. 33(1), pages 42-60.
    4. Jean-François Ponsot, 2015. "Currency boards," Post-Print halshs-01114814, HAL.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    dollarisation; monnaie; banque centrale; système monétaire; politique monétaire; système financier; banque; crédit; Équateur;

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