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Cavallo wants to help "prevent the monetary crisis before the elections"



du Former Minister of Economy, Domingo Cavallocriticizes politics Central Banks and even more reveals that its objective is "to help prevent the monetary crisis before the elections".

"The monetary base is not the best quantitative guide for inflation impact, my goal is to avoid the monetary crisis before the election," said the official, and stressed that Guido Sandleris's policy policy has applied to this policy. The Central Bank serves a total of 160 million pesos every year.

"In sum, the $ 160 million of the economy's most likely bank will be the cost of profitability, but as it does not take into account how many banks, large, medium and small companies suffer, it does not seem too unfair to make some sacrifices too," said Cavallo.

Carlos Menem and Fernando de la Razen's Treasury Sales Department stated that "the definition of monetary base is not conceptually very suitable, in all banking systems around the world, as well as in the convertibility, the currency base is the sum of all the money laundering of the Central Bank."

"In general, the Central Banks do not pay debt in the form of bonds or bonds, such as the money bank for the public (currency circulation) and bank reserves (bills and coins) to store more Bank Central banks." It's always a local currency understood, "in his personal blog He described it in an article published.

"Before the Central Bank of public bonds (LEBAC, now LELIQ), the base must include the stock of LEBAC and LELIQ, and the balance of past financial operations," he continued.

And he concluded: "LEBAC and LELIQ are the money liabilities that are paid by the Central Bank, which is why they are rejected, it is not valid." Many Bank Central bank fees are also paid, in reality it pays the cost of capturing Bank deposits. The problem of the definition of dynamic dynamics is not just a semantic question. The economic effect has a fiscal deficit".


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