Monetary policy in argentina under convertibility, 1991-96
By: ARNAUDO, Aldo A
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ArticlePublisher: São Paulo : Editora 34, jan./mar. 2000Revista de Economia Política = Brazilian Journal of Political Economy 20, 1, p. 34-50Abstract: A conceptual framework to analyze monetary policy might be the relationship "policy goal-operating target-monetary instrument". Although the discretion of the monetary authorities is severely restricted, this analysis is also applicable to Argentina since 1991. Its monetary regime is governed by the Convertibility Law, which requires the Central Bank to convert the domestic currency into dollars, and by the Central Bank Charter, which prescribes that its "fundamental mission [
A conceptual framework to analyze monetary policy might be the relationship "policy goal-operating target-monetary instrument". Although the discretion of the monetary authorities is severely restricted, this analysis is also applicable to Argentina since 1991. Its monetary regime is governed by the Convertibility Law, which requires the Central Bank to convert the domestic currency into dollars, and by the Central Bank Charter, which prescribes that its "fundamental mission [
Revsta de Economia Política 2000
v. 20, n. 1(77)
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