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La oferta de dinero y sus vínculos con el dinero inside y el dinero outside

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  • Alexander Villarraga O.

Abstract

This paper is a brief review of the literature on theories of endogenousand exogenous money supply, and its relationship with the conceptsof inside money and outside money. The article has three sections. Thefirst one defines the concepts of inside money and outside money.The second one presents the postulates of the orthodox theory orexogenous supply of money along with the positions of some authorswho follow this approach (Classical School, Keynes and MonetaristSchool). The third part deals with the heterodox or endogenousmoney supply theory, whose main representatives are the RealBusiness Cycle School and the Postkeynesian School. The last partconcludes.Este trabajo hace una breve revisión bibliográfica sobre las teoríasde la oferta de dinero endógena y exógena y de su relación con losconceptos de dinero inside y dinero outside. El artículo está compuestopor tres secciones: en la primera se definen los conceptos de dineroinside y outside. En la segunda se presentan los postulados de la teoríaortodoxa o exógena de la oferta de dinero junto con las posiciones dealgunos autores seguidores de dicho planteamiento (Escuela Clásica,Keynes, Escuela Monetarista); en la tercera parte se aborda la teoríaheterodoxa o endógena de la oferta de dinero cuyos representantesprincipales son la Escuela de Ciclo Real de Negocios y la EscuelaPoskeynesiana. La última parte concluye.

Suggested Citation

  • Alexander Villarraga O., 2009. "La oferta de dinero y sus vínculos con el dinero inside y el dinero outside," Revista de Economía del Caribe 7118, Universidad del Norte.
  • Handle: RePEc:col:000382:007118
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    File URL: http://rcientificas.uninorte.edu.co/index.php/economia/article/viewFile/561/302
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    References listed on IDEAS

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    1. Ann-Marie Meulendyke, 1988. "Can the Federal Reserve Influence Whether the Money Supply Is Endogenous? A Comment on Moore," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(3), pages 390-397, March.
    2. Christopher J. Niggle, 1991. "The Endogenous Money Supply Theory: An Institutionalist Appraisal," Journal of Economic Issues, Taylor & Francis Journals, vol. 25(1), pages 137-151, March.
    3. Basil J. Moore, 1988. "The Endogenous Money Supply," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(3), pages 372-385, March.
    4. Basil J. Moore, 1988. "Concluding Comments," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(3), pages 398-400, March.
    5. Marc Lavoie, 1984. "The Endogenous Flow of Credit and the Post Keynesian Theory of Money," Journal of Economic Issues, Taylor & Francis Journals, vol. 18(3), pages 771-797, September.
    6. Basil J. Moore, 1979. "The Endogenous Money Stock," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 2(1), pages 49-70, October.
    7. Moore, Basil J, 1988. "The Endogeneity of Money: A Comment," Scottish Journal of Political Economy, Scottish Economic Society, vol. 35(3), pages 291-294, August.
    8. P. D., 1988. "Introduction: Three Views on the Endogenous Money Supply," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(3), pages 370-371, March.
    9. Stephen Rousseas, 1989. "On the Endogeneity of Money Once More," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 11(3), pages 474-478, March.
    10. David I. Fand, 1988. "On the Endogenous Money Supply," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(3), pages 386-389, March.
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    More about this item

    Keywords

    Money supply; inside money; outside money.Oferta de dinero; dinero inside; dinero outside;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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