This paper contributes to the debate regarding national government debt. It asks if government should excise public debt through inflation or pay it as it was stipulated, and argues that, from an economic and social point of view, what is desirable is the just fulfillment of State obligations....

This article shows, from an economic history perspective, the changes in the Colombian monetary policy brought about by “La Regeneración” (conservative regime) from 1880. The new political model replaced the decentralization policies, pursued by Radicals in the previous decades, with a very...

The article shows that the disjunctive stated by Hernández et. al. between pay or excise national public debt is not relevant. Discussion should focus on the current price that is paid for national public debt. Treasury is offering TES on the market at an interest rate much greater than DTF....

This article analyses the development of the Colombian monetary and banking system between 1850 and 1880. The political debate and the power struggle at the national level determined the economic model of this period. Beyond its technical feasibility, the economic decisions were influenced by...

This paper analyzes the determinants of the interest rate of short-term unsecured loan inter-bank market (call) in Argentina. The results show that the heterogeneous nature of the entities, in terms of size and origin of ownership, impacts on the interest rate agreed. Other additional aspects,...