Las operaciones de mercado abierto -OMAS- instrumento eficaz para el control de la base monetaria: trasegar histórico y pertinencia actual
The open market operations are effective instruments to influence by the state in the stabilization of the monetary base, because let through the use of a market mechanism subject to a process that aims for the proper formation of prices of securities traded, collapse or expand the above base, witho...
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| Format: | Article |
| Language: | Spanish |
| Published: |
2013
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| Subjects: | |
| Online Access: | https://dialnet.unirioja.es/servlet/oaiart?codigo=5167577 |
| Source: | Misión Jurídica: Revista de derecho y ciencias sociales, ISSN 1794-600X, Vol. 6, Nº. 6, 2013, pags. 129-150 |
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| Summary: |
The open market operations are effective
instruments to influence by the state in the
stabilization of the monetary base, because let
through the use of a market mechanism subject
to a process that aims for the proper formation of
prices of securities traded, collapse or expand the
above base, without limitation to use exorbitant
mechanisms such as lace marginal, the rediscount
quotas or liquidity, which has the characteristics
of artificial and can generate negative externalities
in the macroeconomic environment. Their current
marginal use, makes this waste of an instrument
of value for managing monetary policy |
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