Financialisation in the Post-Yugoslav Region: monetary policy, credit money and dollarization

• Autores: Andreja Zivkovic
• Localización: Revista de economía mundial, ISSN 1576-0162, Nº 46, 2017, págs. 117-134
• Idioma: inglés
• Títulos paralelos:
  • Financiarización en la región de Post-Yugoslavia: política monetaria, dinero crediticio y dolarización
• Enlaces
  • Texto completo
• Resumen

  • Este artículo analiza el proceso de financiarización a largo plazo en la ex- y en la post- Yugoslavia. Desde 1980, la política monetaria regional ha defendido el valor del dinero crediticio de cara a facilitar las entradas de capitales internacionales. Defendemos que el modelo monetario basado en tipos de cambio fijos, metas de inflación y liberalización de la cuenta de capital ha institucionalizado la dolarización y la financiarización subordinadas en esta región. Sin embargo, los orígenes de dicha dolarización se encuentran en la dependencia histórica del sector productivo de créditos para la importación denominados en divisas.

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