Jaque mate al crecimiento en las economías dolarizadas: la preferencia por efectivo durante las crisis
Sinopsis
A lo largo de la historia del pensamiento, muchos economistas han olvidado la lección de F. A. von Hayek, quien en su obra The Pure Theory of Capital (1941) escribía: It is self-contradictory to discuss a process which admittedly could not take place without money, and at the same time to assume that money is absent or has no effects. Grace Yolanda Llerena Sarsoza, al contrario, toma muy en serio esta lección y nos ofrece un ensayo profundo sobre el dinero, si quieren sobre "el dinero de los demás". ¿Qué significa "dolarización" en un mundo de dinero endógeno, o sea, un mundo donde el monopolio del banco central no es la única forma de creación monetaria? ¿Cómo adaptar las enseñanzas de J. M. Keynes sobre las consecuencias de la preferencia por liquidez al caso de una economía dolarizada en la que preferir efectivo es completamente distinto a preferir depósitos bancarios? ¿Tiene sentido creer que esas consecuencias solo se manifiestan en el corto plazo? En esta magnífica reflexión, lectores y lectoras encuentran las respuestas a tales interrogantes, fundamentales para entender la mecánica de esta expresión crucial del poder estatal y sus limitaciones.
Marco Missaglia
Universidad de Pavia, Italia
Grace Yolanda Llerena Sarsoza. Quito. Doctora en Economía del Desarrollo y máster en Economía del Desarrollo (FLACSO Ecuador). Máster en Estadística Aplicada (ESPOL), con Diplomado en Ciencia de Datos (CEC-EPN). Ingeniera en Ciencias Económicas y Financieras (EPN) y abogada (UTPL). Experta en política económica de economías dolarizadas, con veinte años de trayectoria en el sector público y la academia. Ha sido profesora e investigadora en la EPN, la FLACSO, la UCE, la PUCE, la UDLA y otras universidades. Ha impartido Macroeconomía, Política Económica, Modelos de Equilibrio General Computable, Estadística Multivariante, Muestreo y Metodología de la Investigación. Se desempeñó como asesora en el Banco Central del Ecuador y consultora del Ministerio Coordinador de la Política Económica en temas macroeconómicos. Ha sido consultora para el Banco Mundial, la OIM, el ACNUR y World Vision Ecuador en evaluación de programas, políticas sociales, migración y mercados laborales. En 2025 está coordinando el proyecto emblemático de la FLACSO Ecuador “Modelo Stock-Flow Consistent de transición ecológica para el Ecuador”. En sus publicaciones se reflejan sus líneas de investigación: economía monetaria, dolarización y finanzas con enfoque de ciencia de datos, crecimiento económico, estabilización macroeconómica, finanzas públicas, distribución del ingreso y modelos Stock-Flow Consistent.
https://orcid.org/0000-0001-8342-3321
Forma de citar: Llerena Sarzosa, Grace Yolanda. 2025. Jaque mate al crecimiento en las economías dolarizadas: la preferencia por efectivo durante las crisis. Quito: FLACSO Ecuador. https://doi.org/10.46546/2025-75atrio
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Fecha de publicación
18-12-2025
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Derechos de autor 2025 Editorial FLACSO Ecuador
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Jaque Mate Al Crecimiento En Las economías Dolarizadas: La Preferencia Por Efectivo Durante Las Crisis. 2025. Atrio. Editorial FLACSO Ecuador. https://doi.org/10.46546/2025-75atrio.
