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Los retos para la Banca Central en el desarrollo de un programa de estabilización

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  • José Arista

Abstract

El principal objetivo de este trabajo es examinar a la luz de la experiencia de los últimos procesos de estabilización, los principales problemas que tiene que resolver la Banca Central durante la transición de un contexto de alta inflación a otro donde existe mayor estabilidad en los precios. Nuestra conclusión final es que el desarrollo de una política monetaria, similar al de una economía estable, tiende a generar mecanismos de transferencia de ingreso, altas tasas de interés, inestabilidad en el sistema financiero y ataque especulativo al nivel de reservas, elementos que pueden conllevar a un deterioro de las probabilidades de éxito del programa.

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  • José Arista, 1989. "Los retos para la Banca Central en el desarrollo de un programa de estabilización," Apuntes. Revista de ciencias sociales, Fondo Editorial, Universidad del Pacífico, vol. 16(25), pages 81-89.
    • Handle: RePEc:pai:apunup:es-25-05
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    References listed on IDEAS

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    3. Alberto Alesina, 1988. "Macroeconomics and Politics," NBER Chapters, in: NBER Macroeconomics Annual 1988, Volume 3, pages 13-62, National Bureau of Economic Research, Inc.
    4. Krugman, Paul, 1979. "A Model of Balance-of-Payments Crises," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 11(3), pages 311-325, August.
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