The Argentine bimonetary circuit
Keywords:
monetary circuit, public spending, dollars, ArgentinaAbstract
The article presents the monetary circuit in the period 2010 to 2023 for Argentina from a quantitative perspective. The main channels of monetary expansion are presented, through the monetary expansion factors. The stock of assets resulting from government financing will represent almost the totality of the Central Bank's assets in 2023. Meanwhile, banks place their surpluses in Central Bank securities and individuals buy dollars as a way of investing their financial surpluses.
References
BCRA. (2024a, febrero). Balances de las Entidades Financieras. Recuperado el 14 de marzo de 2024, de Balances de las Entidades Financieras website: https://www.bcra.gob.ar/SistemasFinancierosYdePagos/Entidades_financieras_estados_contables.asp?bco=AAA00&tipo=1
BCRA. (2024b, febrero). Balances semanales. Recuperado el 14 de marzo de 2024, de Publicaciones Balances Semanales website: https://www.bcra.gob.ar/PublicacionesEstadisticas/balances_semanales.asp
BCRA. (2024c, febrero). Principales Variables. Recuperado el 14 de marzo de 2024, de Publicaciones y Estadísticas Estadísticas Principales Variables website: https://www.bcra.gob.ar/PublicacionesEstadisticas/Principales_variables_datos.asp?serie=7930&detalle=Base%20Monetaria%20-%20Promedio%20acumulado%20del%20mes%20%20(MM%20de%20$)
INDEC. (2024, febrero). Instituto Nacional de Estadística y Censos de la República Argentina. Recuperado el 14 de marzo de 2024, de Cuentas internacionales website: https://www.indec.gob.ar/indec/web/Nivel3-Tema-3-35
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