Banca Central y teoría del valor: un análisis desde el modelo de Franklin Fisher

Martín Seoane Salazar; Herlán André  Argandoña Zubieta

doi:10.24275/uam/izt/dcsh/denarius/v2024n47/Seoane

Martín Seoane Salazar Universidad Autónoma Metropolitana
Herlán André Argandoña Zubieta

DOI: https://doi.org/10.24275/uam/izt/dcsh/denarius/v2024n47/Seoane

Keywords: Central Banking, Value Theory, Money, Disequilibrium

Abstract

The present work analyzes the logical foundation of the Central Bank within the framework of the monetary models of the theory of value. It deduces from these models the logical necessity of an institutional authority that guarantees and regulates the monetary working of the economy, both in equilibrium and disequilibrium. This analysis allows for criticism of the positions advocating for denationalization or decentralization of the currency, such as the Austrian monetary theory. The document concludes by pointing out the limits of the Central Bank as a regulator of the monetary sector without jeopardizing its monetary sovereignty.

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