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Financement soutenable et création monétaire en régime de dollarisation : le cas de l'Équateur

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  • Jean-François Ponsot

    (CREG - Centre de recherche en économie de Grenoble - UPMF - Université Pierre Mendès France - Grenoble 2)

Abstract

En régime de dollarisation, le processus de création monétaire et la gestion de la liquidité par la Banque centrale sont contraints. Ceci modifie la dynamique du crédit par rapport à un régime monétaire traditionnel de type Central Banking. Principale conclusion pour l'analyse monétaire, le pouvoir de création de monnaie centrale et le degré d'accommodation de la banque centrale sont déterminants sur l'offre de crédit des banques. Ceci est conforme à l'hypothèse d'endogénéité de l'offre de monnaie développée notamment par les post-keynésiens.

Suggested Citation

  • Jean-François Ponsot, 2012. "Financement soutenable et création monétaire en régime de dollarisation : le cas de l'Équateur," Post-Print halshs-00687369, HAL.
    • Handle: RePEc:hal:journl:halshs-00687369
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00687369
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    References listed on IDEAS

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    6. Claude Gnos & Louis-Philippe Rochon, 2006. "Post-Keynesian Principles of Economic Policy," Post-Print halshs-00114699, HAL.
    7. Jean-François Ponsot, 2015. "Currency boards," Post-Print halshs-01114814, HAL.
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