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¿Es Óptimo Pagar Intereses por los Activos de Caja?

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Abstract

Remunerar los archivos de caja en manos de los intermediarios financieros no es una práctica hoy en día habitual en las economías occidentales. Sin embargo, en Estados Unidos han comenzado a aparecer quienes defienden su uso como instrumento útil para implementar la polítiva monetaria. Se analiza cuál es el valor óptimo del tipo de interés a pagar a los intermediarios financieros por sus activos de caja, cuando dichos intereses financian bien mediante un impuesto que grava las rentas salariales o bien mediante el impuesto de sociedades. En el primero de los casos, lo óptimo es no remunerar los activos de caja.

Suggested Citation

  • Esther Fernández Casillas, 2002. "¿Es Óptimo Pagar Intereses por los Activos de Caja?," Documentos de Trabajo del ICAE 0207, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
  • Handle: RePEc:ucm:doicae:0207
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    Keywords

    Coeficiente legal de caja; Impuestos; Restricciones de liquidez.;
    All these keywords.

    JEL classification:

    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining

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