Otras opciones de política monetaria. Un análisis jurídico de las políticas monetarias no convencionales y su posible implementación en la República Dominicana
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Subject
regulation
monetary politics
unconventional policies
financial crisis 2008
Great Recession
regulación
política monetaria
políticas no convencionales
crisis financiera 2008
Gran Recesión
monetary politics
unconventional policies
financial crisis 2008
Great Recession
regulación
política monetaria
políticas no convencionales
crisis financiera 2008
Gran Recesión
Language:
Journal Title
Journal ISSN
Volume Title
Publisher
Instituto Tecnológico de Santo Domingo (INTEC)
Este ensayo presenta un análisis jurídico de las políticas monetarias no convencionales aplicadas en respuesta a la crisis financiera de 2008 y la actual crisis económica generada por el Covid-19 en el sistema jurídico monetario de la República Dominicana. Discutimos sobre la implementación de nuevas herramientas para ejecutar la política monetaria, ya que los instrumentos convencionales en situaciones de crisis severas tienden a ser ineficaces. Abordamos los aspectos generales de la política monetaria no convencional: naturaleza y fundamentos; asimismo, examinamos la aplicación de los diferentes instrumentos de política monetaria no convencional por parte de los bancos centrales de las principales economías mundiales en el marco de la crisis financiera de 2008, así como su excelente aplicación en la crisis económica actual. Finalmente, el documento demuestra cómo es posible su implementación en el sistema jurídico dominicano, conforme a la Ley Monetaria y Financiera 183-02, de fecha 3 de noviembre de 2002.
This essay presents a legal analysis of the unconventional monetary policies applied in response to the 2008 Financial Crisis and the current economic crisis generated by Covid-19 in the monetary legal system of the Dominican Republic. We argue about the implementation of new tools for executing monetary policy since conventional instruments in situations of severe crisis tend to be ineffective. We address the general aspects of unconventional monetary policy: nature and fundamentals; Likewise, we examine the application of the different instruments of unconventional monetary policy by the central banks of the leading world economies in the framework of the 2008 financial crisis, as well as their excellent application in the current economic crisis. Finally, the paper demonstrates how its implementation is possible in the Dominican legal system, following Monetary and Financial Law 183-02, dated November 3, 2002.
This essay presents a legal analysis of the unconventional monetary policies applied in response to the 2008 Financial Crisis and the current economic crisis generated by Covid-19 in the monetary legal system of the Dominican Republic. We argue about the implementation of new tools for executing monetary policy since conventional instruments in situations of severe crisis tend to be ineffective. We address the general aspects of unconventional monetary policy: nature and fundamentals; Likewise, we examine the application of the different instruments of unconventional monetary policy by the central banks of the leading world economies in the framework of the 2008 financial crisis, as well as their excellent application in the current economic crisis. Finally, the paper demonstrates how its implementation is possible in the Dominican legal system, following Monetary and Financial Law 183-02, dated November 3, 2002.
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info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/publishedVersion
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Science, Economy & Business; Vol. 5 No. 1 (2021): Science, Economics and Business; 5-35
Ciencia, Economía y Negocios; Vol. 5 Núm. 1 (2021): Ciencia, Economía y Negocios; 5-35
2613-8778
2613-876X
10.22206/ceyn.2021.v5i1
Ciencia, Economía y Negocios; Vol. 5 Núm. 1 (2021): Ciencia, Economía y Negocios; 5-35
2613-8778
2613-876X
10.22206/ceyn.2021.v5i1