TERMIUM Plus®

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MONEY DEMAND GROWTH [1 record]

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Record 1 1997-11-03

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

... under a fixed exchange rate, domestic credit expansion in excess of money demand growth leads to a gradual but persistent loss of international reserves and, finally, to a speculative attack on the currency.

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
CONT

... en un régimen de paridad fija, toda expansión del crédito interno que sobrepasase el crecimiento de la demanda de dinero da lugar a una pérdida gradual pero constante de reservas internacionales y, en definitiva, a un ataque especulativo sobre la moneda, que agota inmediatamente las reservas y obliga a las autoridades a abandonar la paridad.

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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