Bases de la teoría poskeynesiana del dinero endógeno
Article Sidebar
Published:
Dec 16, 2019
Keywords:
Dinero endógeno, creación monetaria, sistemas monetarios modernos, financiamiento público, poskeynesianismo.
Main Article Content
Abstract
Los procesos de creación monetaria en las economías modernas están mal entendidos. Esto lleva a interpretaciones erróneas de cómo funcionan los sistemas monetarios modernos. Los bancos centrales no determinan de manera exógena la cantidad de dinero en una economía. Los bancos privados tienen la capacidad de crear dinero vía crédito y es la demanda de éste la que determina la cantidad de dinero en una economía. El presente artículo pretende explicar de forma sistemática y coherente las bases de la teoría poskeynesiana de dinero endógeno para ilustrar las ideas mencionadas.
Downloads
Download data is not yet available.
Article Details
How to Cite
Carvajal Mantilla, S. . (2019). Bases de la teoría poskeynesiana del dinero endógeno. Revista Economía, 66(104), 33–49. https://doi.org/10.29166/economia.v66i104.1975
Section
Dossier
The authors who publish in this journal accept the following conditions:
- The authors retain the copyright and assign to the Economics Magazine the right of the first publication, with the work registered under Creative Commons Attribution-NonCommercial 4.0, which enables third parties to redistribute, commercial or non-commercial, of what has been published as long as the article circulates completely and without changes.
- Authors can make other independent and additional contractual agreements for the distribution of the article published in this journal (for example, add it to an institutional repository or publish it in a book) as long as they clearly and clearly specify that the article was published for the first time. once in Revista Economía. In case of reproduction, a note similar to the one presented below must be included: This text was originally published in the Revista Economía No.…, volume…, number of pages, year of publication.
- Authors are suggested to publish their work on the internet (for example, on institutional or personal pages) of the final version published by Revista Economía since this can lead to greater and faster dissemination of the published article.
References
Bell, S. (1998, agosto 8). Can taxes and bonds finance government spending? Levy Economics Institute. Recuperado de: http://estes.levy.org/pubs/wp244.pdf
Bell, S. (2001, mayo 5). The role of the state and the hierarchy of money. Cambridge Journal of Economics. Recuperado de: http://cas.umkc.edu/economics/people/facultyPages/wray/courses/Econ%20601 /readings/Bell%20The%20Role%20of%20the%20State%20and%20the%20Hierarchy%20of%20Money.pdf
CBS. (2009, abril 18). Entrevista a Ben Bernanke. Recuperado de: http://www.youtube.com/watch?v=od PfHY4ekHA
Forstater, M. (1999, abril 13). Functional Finance and Full Employment: Lessons from Lerner for Today? Levy Economics Institute. Recuperado de: http://www.levyinstitute.org/pubs/wp272.pdf
FRED. (2014, junio 2015). Federal Reserve Economic Data. Recuperado de: http://research.stlouisfed.org/fred2/
Fullwiler, S. (2008). Modern Central Bank Operations - The General Principles. Social Science Research Network SSRN. Recuperado de: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1658232
Fullwiler, S. (2013). An endogenous money perspective on the post-crisis monetary policy debate. Review of Keynesian Economics. Recuperado de: http://www.rokeonline.com/roke/post%20crisis%20monetary%20policy%20debate. pdf
Innes, A. M. (1913, febrero 14). What is Money. The Banking Law Journal. Recuperado de: https://www. community-exchange.org/docs/what%20is%20money.htm
Innes, A. M. (1914, febreo 14) The Credit Theory of Money. The Banking Law Journal. Recuperado de: https://www.community-exchange.org/docs/The%20Credit%20Theoriy%20of%20Money.htm
Knapp, G. F. (1914, febrero 14). The State Theory of Money. Recuperado de: http://socserv2.socsci.mcmaster.ca/econ/ugcm/3ll3/knapp/StateTheoryMoney.pdf
Keen, S. (2014). Secular stagnation and endogenous money. Real world economics review, issue 66: Recuperado de: http://www.paecon.net/PAEReview/issue66/Keen66.pdf
Lavoie, M. (2000). A Primer on Endogenous Credit-money. University of Ottawa. Recuperado de: http://aix1.uottawa.ca/~ robinson/Lavoie/Courses/2007_ECO6183/childguide4.pdf
Lavoie, M. (2011). The monetary and fiscal nexus of neo-chartalism: A friendly critical look. University of Ottawa. Recuperado de: http://www.boeckler.de/pdf/v_2011_10_27_lavoie.pdf
Lerner, A. (1943, abril 17). Funtional Finance and the Federal Debt. En: Selected Economic Writing of Abba Lerner. Recuperado de: http://k.web.umkc.edu/keltons/Papers/501/functional%20finance.pdf
McCulley, P. (2009). The Shadow Banking System and Hyman Minsky’s Economic Journey. PIMCO. Recuperado de: http://www.pimco.com/en/insights/pages/global%20central%20bank%20focus%20may%202009%20shadow%20banking%20and%20minsky%20mcculley.aspx
McLeay, M., Radia, A., y Thomas, R. (2014). Money creation in the modern economy. Bank of England. Recuperado de: http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf
Minsky, H. (1986). Stabilizing an Unstable Economy. New York, USA: Mc Graw Hill.
Minsky, H. (2011, septiembre 23). Uncertainty and the Institutional Structure of Capitalist Economies: Remarks upon Receiving the Veblen-Commons Award. Journal of Economic Issues. Recuperado de: http://www.jstor.org/stable/4452235
Mosler, W. y Forstater, M. (2005). General framework for the analysis of currencies and commodities. UMKC. Recuperado de: http://cas.umkc.edu/econ/economics/faculty/Forstater/papers/BookChaptersEnclopediaEntries/ GeneralFrameworkAnalysisOfCurrenciesCommidities.pdf
Tcherneva, P. (2013, mayo 13). Chartalism and the tax-driven approach to money. En Arestis P. y Malcolm S. (Ed.) ‘A handbook of Alternative Monetary Economics’. Edward Elgar Publishing Limited. Cheltenham – UK. Recuperado de: http://www.cfeps.org/ss2008/ss08r/Tcherneva/Tcherneva-Ch%2005-Arestis-Sawyer%20volume.pdf
Wray, R. (2007). A Post-Keynesian View of Central Bank Independence, Policy Targets, and the Rules-versus-Discretion Debate. Levy Economics Institute. Recuperado de: http://www.levyinstitute.org/publications/a-post-keynesian-view-of-central-bank-independence-policy-targets-and-the-rules-versus-discretion-debate
Wray, R. (2014, febrero 7). Money. Levy Economics Institute. Recuperado de: http://www.levyinstitute. org/publications/money
Wray, R. (2012). Modern Money Theory. New York, USA: Palgrave Macmillan.
Bell, S. (2001, mayo 5). The role of the state and the hierarchy of money. Cambridge Journal of Economics. Recuperado de: http://cas.umkc.edu/economics/people/facultyPages/wray/courses/Econ%20601 /readings/Bell%20The%20Role%20of%20the%20State%20and%20the%20Hierarchy%20of%20Money.pdf
CBS. (2009, abril 18). Entrevista a Ben Bernanke. Recuperado de: http://www.youtube.com/watch?v=od PfHY4ekHA
Forstater, M. (1999, abril 13). Functional Finance and Full Employment: Lessons from Lerner for Today? Levy Economics Institute. Recuperado de: http://www.levyinstitute.org/pubs/wp272.pdf
FRED. (2014, junio 2015). Federal Reserve Economic Data. Recuperado de: http://research.stlouisfed.org/fred2/
Fullwiler, S. (2008). Modern Central Bank Operations - The General Principles. Social Science Research Network SSRN. Recuperado de: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1658232
Fullwiler, S. (2013). An endogenous money perspective on the post-crisis monetary policy debate. Review of Keynesian Economics. Recuperado de: http://www.rokeonline.com/roke/post%20crisis%20monetary%20policy%20debate. pdf
Innes, A. M. (1913, febrero 14). What is Money. The Banking Law Journal. Recuperado de: https://www. community-exchange.org/docs/what%20is%20money.htm
Innes, A. M. (1914, febreo 14) The Credit Theory of Money. The Banking Law Journal. Recuperado de: https://www.community-exchange.org/docs/The%20Credit%20Theoriy%20of%20Money.htm
Knapp, G. F. (1914, febrero 14). The State Theory of Money. Recuperado de: http://socserv2.socsci.mcmaster.ca/econ/ugcm/3ll3/knapp/StateTheoryMoney.pdf
Keen, S. (2014). Secular stagnation and endogenous money. Real world economics review, issue 66: Recuperado de: http://www.paecon.net/PAEReview/issue66/Keen66.pdf
Lavoie, M. (2000). A Primer on Endogenous Credit-money. University of Ottawa. Recuperado de: http://aix1.uottawa.ca/~ robinson/Lavoie/Courses/2007_ECO6183/childguide4.pdf
Lavoie, M. (2011). The monetary and fiscal nexus of neo-chartalism: A friendly critical look. University of Ottawa. Recuperado de: http://www.boeckler.de/pdf/v_2011_10_27_lavoie.pdf
Lerner, A. (1943, abril 17). Funtional Finance and the Federal Debt. En: Selected Economic Writing of Abba Lerner. Recuperado de: http://k.web.umkc.edu/keltons/Papers/501/functional%20finance.pdf
McCulley, P. (2009). The Shadow Banking System and Hyman Minsky’s Economic Journey. PIMCO. Recuperado de: http://www.pimco.com/en/insights/pages/global%20central%20bank%20focus%20may%202009%20shadow%20banking%20and%20minsky%20mcculley.aspx
McLeay, M., Radia, A., y Thomas, R. (2014). Money creation in the modern economy. Bank of England. Recuperado de: http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf
Minsky, H. (1986). Stabilizing an Unstable Economy. New York, USA: Mc Graw Hill.
Minsky, H. (2011, septiembre 23). Uncertainty and the Institutional Structure of Capitalist Economies: Remarks upon Receiving the Veblen-Commons Award. Journal of Economic Issues. Recuperado de: http://www.jstor.org/stable/4452235
Mosler, W. y Forstater, M. (2005). General framework for the analysis of currencies and commodities. UMKC. Recuperado de: http://cas.umkc.edu/econ/economics/faculty/Forstater/papers/BookChaptersEnclopediaEntries/ GeneralFrameworkAnalysisOfCurrenciesCommidities.pdf
Tcherneva, P. (2013, mayo 13). Chartalism and the tax-driven approach to money. En Arestis P. y Malcolm S. (Ed.) ‘A handbook of Alternative Monetary Economics’. Edward Elgar Publishing Limited. Cheltenham – UK. Recuperado de: http://www.cfeps.org/ss2008/ss08r/Tcherneva/Tcherneva-Ch%2005-Arestis-Sawyer%20volume.pdf
Wray, R. (2007). A Post-Keynesian View of Central Bank Independence, Policy Targets, and the Rules-versus-Discretion Debate. Levy Economics Institute. Recuperado de: http://www.levyinstitute.org/publications/a-post-keynesian-view-of-central-bank-independence-policy-targets-and-the-rules-versus-discretion-debate
Wray, R. (2014, febrero 7). Money. Levy Economics Institute. Recuperado de: http://www.levyinstitute. org/publications/money
Wray, R. (2012). Modern Money Theory. New York, USA: Palgrave Macmillan.