Problemas monetarios argentinos

The Argentine monetary system was established by law Nº 1030 in 1881. This law adopted the bimetallism gold and silver, a system which was short lived, barely lasting two years until law 1354 disposed that the banks should only issue notes payable in national gold pesos, thus following the system of...

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Autor principal: Liliedal, Augusto M.
Formato: Articulo
Lenguaje:Español
Publicado: 1961
Materias:
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/8924
Aporte de:
id I19-R120-10915-8924
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Español
topic Ciencias Económicas
Argentina
banco
emisión de moneda
spellingShingle Ciencias Económicas
Argentina
banco
emisión de moneda
Liliedal, Augusto M.
Problemas monetarios argentinos
topic_facet Ciencias Económicas
Argentina
banco
emisión de moneda
description The Argentine monetary system was established by law Nº 1030 in 1881. This law adopted the bimetallism gold and silver, a system which was short lived, barely lasting two years until law 1354 disposed that the banks should only issue notes payable in national gold pesos, thus following the system of the countries of the Latin Union. A far reaching event was the creation of the Conversion Bank in 1890, an activity which was to last 45 years, and to which the country is indebted for its outstanding services. The object of its existence was the conversion (exchange of gold to notes) and the withdrawal of gold in circulation. In response to the necessity of carrying out a monetary security programme, in 1935 law 12155 created the Central Bank. It was not formed as an official entity, its aim being to assure independence from political powers. However, in 1946, due to contrary ideas, the Central Bank was nationalized together with the deposits of the commercial banks. When the Central Bank was created it had the exclusive privilege of issuing notes, but was obliged to maintain a minimum metallic reserve, thus responding to the ideas of that time, where metallic guarantee was considered to be the firmest support of currency value. Now days on the contrary it is considered to be a system in decline. However, money issuing should be limited in accordance with BENDIXEN'S words "Issue new money when progress of economic life increases production and withdraw it from circulation when production decreases".
format Articulo
Articulo
author Liliedal, Augusto M.
author_facet Liliedal, Augusto M.
author_sort Liliedal, Augusto M.
title Problemas monetarios argentinos
title_short Problemas monetarios argentinos
title_full Problemas monetarios argentinos
title_fullStr Problemas monetarios argentinos
title_full_unstemmed Problemas monetarios argentinos
title_sort problemas monetarios argentinos
publishDate 1961
url http://sedici.unlp.edu.ar/handle/10915/8924
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