TY - JOUR AU - Cottani, Joaquín A. PY - 1985/06/01 Y2 - 2024/03/28 TI - Sustituibilidad de activos y crédito, intermediación financiera y los efectos de perturbaciones monetarias JF - Revista de Economía y Estadística JA - REyE VL - 26 IS - 1 SE - ARTÍCULOS DO - 10.55444/2451.7321.1985.v26.n1.3751 UR - https://revistas.unc.edu.ar/index.php/REyE/article/view/3751 SP - 9-45 AB - <p><span style="left: 148.69px; top: 380.136px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.983831);">En este </span><span style="left: 213.146px; top: 380.136px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.06067);">trabajo </span><span style="left: 273.813px; top: 380.136px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.01576);">discutiremos los efectos de </span><span style="left: 484.018px; top: 380.136px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.06278);">perturbaciones </span><span style="left: 605.146px; top: 380.136px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.04201);">moneta</span><span style="left: 118.357px; top: 398.541px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00017);">rias </span><span style="left: 151.966px; top: 397.867px; font-size: 19.3333px; font-family: serif;">y </span><span style="left: 169.384px; top: 398.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00315);">financieras sobre las tasas de </span><span style="left: 399.843px; top: 398.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.04117);">interés, </span><span style="left: 460.64px; top: 398.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00375);">las reservas </span><span style="left: 551.845px; top: 398.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.03705);">internacionales y e</span><span style="left: 135.392px; top: 416.933px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00079);">l </span><span style="left: 155.944px; top: 416.933px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.12154);">tipo </span><span style="left: 195.014px; top: 416.933px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.980657);">de cambio nominal en un marco simple de </span><span style="left: 540.59px; top: 416.933px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.03511);">equilibrio </span><span style="left: 622.611px; top: 416.933px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.956729);">de ac</span><span style="left: 118.742px; top: 435.339px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.971847);">tivos en </span><span style="left: 187.594px; top: 435.333px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.13507);">una </span><span style="left: 223.792px; top: 435.333px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.06787);">economía </span><span style="left: 307.008px; top: 435.333px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.99281);">abierta. Nuestro </span><span style="left: 438.366px; top: 435.333px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.03751);">modelo </span><span style="left: 503.419px; top: 435.333px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.02403);">difiere de los conven</span><span style="left: 118.606px; top: 453.739px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.976255);">cionales en el </span><span style="left: 233.723px; top: 453.739px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.04771);">sentido </span><span style="left: 297.414px; top: 453.739px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.04303);">de que </span><span style="left: 354.739px; top: 453.739px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.07068);">toma </span><span style="left: 398.587px; top: 453.739px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00026);">en </span><span style="left: 421.808px; top: 453.739px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.03372);">consideración </span><span style="left: 533.435px; top: 453.739px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.04626);">la intermediación </span><span style="left: 118.979px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.04093);">financiera </span><span style="left: 204.174px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.03654);">(dinero </span><span style="left: 265.046px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.06319);">interno) y </span><span style="left: 347.235px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.06862);">plantea </span><span style="left: 408.406px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00017);">una </span><span style="left: 441.819px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.04596);">distinción </span><span style="left: 523.803px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.0775);">analítica </span><span style="left: 596.192px; top: 472.536px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.969872);">entre sus</span><span style="left: 118.736px; top: 490.531px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.07305);">tituibilidad </span><span style="left: 211.808px; top: 490.531px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00026);">de </span><span style="left: 235.067px; top: 490.531px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.0003);">activos y </span><span style="left: 308.614px; top: 490.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.00026);">de </span><span style="left: 332.618px; top: 490.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.01394);">préstamos </span><span style="left: 414.57px; top: 490.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.03496);">(externos </span><span style="left: 491.16px; top: 490.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(0.999749);">vs. </span><span style="left: 516.64px; top: 490.533px; font-size: 18.6667px; font-family: serif; transform: scaleX(1.07111);">internos).</span></p> ER -