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Demanda de dinero y liberalizacion financiera en Mexico: Un enfoque de cointegracion
L. Arnaut, Javier - 2008
This paper examines the long run dynamics of Mexico’s money demand using Johansen’s cointegration approach with different specifications. The empirical evidence indicates that real balances, real income and the interest rate are cointegrated in all subperiods. The findings suggest that...
Persistent link: https://www.econbiz.de/10015260428
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Una revisión de la enfermedad holandesa a la luz de la teoría austriaca del ciclo económico
Rodríguez González, Guillermo - 2012
The purpose of this paper is to review the phenomenon has been called Dutch disease in the light of Austrian business cycle theory. To this end we will see the history of Austrian business cycle theory from its roots in Wicksell ([1898] 2000) to the extension of the theory in open economies with...
Persistent link: https://www.econbiz.de/10015232902
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Profundización financiera estadal en Venezuela: Enfoque alternativo usando la encuesta de hogares de propósitos múltiples
Maldonado, Leonardo - 2010
The paper is based on the multiple purpose household survey to estimate a variable of average population income that expands, to local terms (at state level), the descriptive analysis of the financial deepening between 1980-2006. The Credit / GDP ratio was used on the assumption that the...
Persistent link: https://www.econbiz.de/10015262034
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El fortalecimiento institucional de los bancos centrales
Heinrich, Gregor - 2010
Annotated remarks made at the 50th Anniversary Conference “Fortalecimiento institucional de los bancos centrales y efectividad de la política monetaria”, of the Central Bank of Nicaragua, February 2010. The paper lays out the importance of institutional strenthening (governance) as an...
Persistent link: https://www.econbiz.de/10015237303
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¿Es la dolarización oficial una opción real para las economías emergentes?
Cruz-Rodríguez, Alexis - 2005
This paper analyzes the costs and benefits for an emerging economy to formally adopt dollarization. The magnitude of the costs and benefits involved in this process will not be the same for all countries and depend on the particular characteristics of each economy as well as its relationship...
Persistent link: https://www.econbiz.de/10015241582
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Relevancia del ajuste estacional en el análisis de corto plazo: Efectos del calendario doméstico sobre la serie de billetes y monedas en Argentina
Burdisso, Tamara; Blanco, Emilio; Sardi, Mariano - 2010
The presence of seasonal fluctuations (regular behavior along the year related to weather or institutional factors) invalidates monthly (quarterly) comparisons. In turn, since inter-annual variations depend on the comparison basis being used, they could provide very little information to the...
Persistent link: https://www.econbiz.de/10010325094
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La dinámica de los préstamos de consumo en 2020 en Argentina: Una aproximación mediante modelos de corrección de error
Gómez Aguirre, Maximiliano; Krysa, Ariel - 2022
With the aim of quantifying the effect of the decrease in interest rates on consumer loans (both credit cards and personal loans, in local currency to the non-financial private sector) in Argentina between March and December 2020, monthly error correction models are estimated, and counterfactual...
Persistent link: https://www.econbiz.de/10012803041
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Introducción: El Futuro de las Monedas Nacionales
Cortés-Douglas, Hernán; Barandiarán, Edgardo - In: Latin American Journal of Economics-formerly Cuadernos … 37 (2000) 110, pp. 3-8
Persistent link: https://www.econbiz.de/10005510144
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The Three Stages of Central Bank Autonomy in Mexico.
Díaz, Eduardo Turrent y - Banco de México - 2007
charismatic autonomy (1955-1970), relied on the defense by important political figures on the central bank´s role. Sound public … finances were a significant aid in this stage. The end of sound public finances signaled the termination of the central bank´s … contributed to preserve sound public finances, the central bank´s institutional autonomy is based on a constitutional mandate that …
Persistent link: https://www.econbiz.de/10004974504
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La elasticidad de Frisch y la transmisión de la política monetaria en Colombia
Sarmiento, Juan David Prada; Luis Eduardo Rojas Dueñas … - Banco de la Republica de Colombia
Este artículo estudia el mecanismo de transmisión de la política monetaria a través de los salarios reales y la oferta de trabajo. El trade-off inflación producto depende de la calificación de los trabajadores y de la elasticidad de la oferta de trabajo al salario real. Se plantea un...
Persistent link: https://www.econbiz.de/10005035874