Servicios Personalizados
Revista
Articulo
Indicadores
- Citado por SciELO
- Accesos
Links relacionados
- Citado por Google
- Similares en SciELO
- Similares en Google
Compartir
Cuadernos de Economía
versión impresa ISSN 0121-4772versión On-line ISSN 2248-4337
Resumen
BERNAL, Martha Lucía. Is the Bank of the Republic neutral? A critical analysis of the 1991 reform. Cuad. Econ. [online]. 2021, vol.40, n.82, pp.113-135. Epub 01-Mar-2021. ISSN 0121-4772. https://doi.org/10.15446/cuad.econ.v40n82.78237.
The 1991 Central Bank reform was addressed to create an autonomous and independent institution for the particular interests and political logic. To do so, a directorate comprised of technicians was organised, restricting government and private party loans with emission sources. In this paper we question the concept of neutrality, which is attributed to the reform mentioned. We show how the emission restriction forced all the agents to search for financing in the financial sector, leaving them subjected to the logic and interests of the creditor. This is why the neutrality of the reform is being questioned.
JEL: A14, B59, E58, H63.
Palabras clave : Central Bank; debt; neutrality; emission; constitutional reform.