IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Política monetaria y oferta de dinero en uruguay (1931-1959): nuevos contextos y nuevos instrumentos

  • Carolina Román Ramos

    ()

    (Universidad de la República (Uruguay). Facultad de Ciencias Económicas y de Administración. Instituto de Economía)

This paper brings a global approach to the principles characteristics of the monetary policy in the period 1931-1959 and its changes related to the national and international context. Two were the most important transformations. On one hand, the increasing role of the Republic Bank of Uruguay (Banco de la República Oriental del Uruguay, BROU) in the conduction of the monetary and exchange-rate policy. On the other hand, there were important changes in the monetary regime evolving to a more flexible system as the gold standard was abandoned. Considering the evolution of the emission regime since the beginning of the 20th century we can distinguish four phases: a metallic system until 1929; a period of transition between 1930 and 1934; the period 1935-1946 characterized by the two revaluations of the gold reserves and the introduction of rediscounts and; finally the last years until 1959 with an increasing use of rediscounts of documents as a source for issue money. In addition, we described the evolution of the monetary supply, the link with the economic activity and a first approximation to the effect of money on prices.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.iecon.ccee.edu.uy/download.php?len=es&id=238&nbre=dt-07-10.pdf&ti=application/pdf&tc=Publicaciones
Download Restriction: no

Paper provided by Instituto de Economía - IECON in its series Documentos de Trabajo (working papers) with number 10-07.

as
in new window

Length: 53 pages
Date of creation: 2010
Date of revision:
Handle: RePEc:ulr:wpaper:dt-07-10
Contact details of provider: Postal: Joaquín Requena 1375, CP 11200, Montevideo
Phone: (598) 2400-0406
Fax: (598) 2419-8727
Web page: http://www.iecon.ccee.edu.uy/

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ulr:wpaper:dt-07-10. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Andrés Dean)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.