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El dilema de la política monetaria: Una trilogía en V partes
[The monetary policy dilemma: A trilogy in V parts]


  • Rodríguez González, Guillermo


The purpose of this paper is to show that all alternative monetary systems and policies currently in place in the world in effect are in the limits of the Krugman´s trilemma. In first place we review the three alternatives representatively exemplified by three historical experiences of different periods. And finaly we observe the fail as the three, in the short or long term, because they are a constructivist interference in the harmonically evolution of the interdependent systems of the spontaneous order of the civilisation.

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  • Rodríguez González, Guillermo, 2009. "El dilema de la política monetaria: Una trilogía en V partes
    [The monetary policy dilemma: A trilogy in V parts]
    ," MPRA Paper 30021, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:30021

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    References listed on IDEAS

    1. Gerard Caprio & Patrick Honohan, 2008. "Banking Crises," Center for Development Economics 2008-09, Department of Economics, Williams College.
    2. Dooley, Michael P, 2000. "A Model of Crises in Emerging Markets," Economic Journal, Royal Economic Society, vol. 110(460), pages 256-272, January.
    3. Michael Frenkel & Lukas Menkhoff, 2000. "Neue internationale Finanzarchitektur: Defizite und Handlungsoptionen," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(3), pages 259-279, August.
    4. Fabian Valencia & Luc Laeven, 2008. "Systemic Banking Crises; A New Database," IMF Working Papers 08/224, International Monetary Fund.
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    More about this item


    Orden espontaneo; política monetaria; reserva fraccionaria;

    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
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian


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