<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0301-7036</journal-id>
<journal-title><![CDATA[Problemas del desarrollo]]></journal-title>
<abbrev-journal-title><![CDATA[Prob. Des]]></abbrev-journal-title>
<issn>0301-7036</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Instituto de Investigaciones Económicas]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0301-70362020000300045</article-id>
<article-id pub-id-type="doi">10.22201/iiec.20078951e.2020.202.69635</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Una nota sobre los bancos centrales en el centro y en la periferia: estancamiento secular y restricción externa]]></article-title>
<article-title xml:lang="en"><![CDATA[Observations on central banks in the center and the periphery: secular stagnation and external constraints]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Vernengo]]></surname>
<given-names><![CDATA[Matías]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Bucknell University  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>USA</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2020</year>
</pub-date>
<volume>51</volume>
<numero>202</numero>
<fpage>45</fpage>
<lpage>62</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0301-70362020000300045&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0301-70362020000300045&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0301-70362020000300045&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Históricamente los bancos centrales fueron instrumentos de desarrollo económico, pero en países avanzados su función de guardianes de la ortodoxia macroeconómica y de la estabilidad de precios ha tomado un papel predominante. En un mundo interconectado, eso limita la habilidad de los bancos centrales de los países en desarrollo de cumplir el mismo rol que sus pares de países avanzados cumplieron en el pasado. Los límites de los modernos bancos centrales son discutidos en el contexto del supuesto estancamiento secular y del renovado problema externo que algunos países en desarrollo enfrentan con el final del súper-ciclo de los precios de las commodities. En tiempos recientes, sin embargo, todo se complica en el corto plazo por la crisis del coronavirus (COVID-19).]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Historically, central banks have been instruments of economic development, yet in developed countries their position as guardians of macroeconomic orthodoxy and price stability has taken a predominant role. In an interconnected world, this limits the ability of central banks to play the same role in developing countries that their peers in developed countries played in the past. This article discusses the limits of modern central banks in the context of supposed secular stagnation, and the renewed external problem that some developing countries are facing as the commodity price supercycle ends. Recently, however, all of this has been complicated in the short term by the coronavirus (COVID-19) crisis.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[bancos centrales]]></kwd>
<kwd lng="es"><![CDATA[centro-periferia]]></kwd>
<kwd lng="es"><![CDATA[instrumentos de desarrollo]]></kwd>
<kwd lng="es"><![CDATA[estancamiento secular]]></kwd>
<kwd lng="es"><![CDATA[América Latina]]></kwd>
<kwd lng="es"><![CDATA[E52]]></kwd>
<kwd lng="es"><![CDATA[E58]]></kwd>
<kwd lng="es"><![CDATA[O11]]></kwd>
<kwd lng="es"><![CDATA[O54]]></kwd>
<kwd lng="en"><![CDATA[central banks]]></kwd>
<kwd lng="en"><![CDATA[center-periphery]]></kwd>
<kwd lng="en"><![CDATA[development instruments]]></kwd>
<kwd lng="en"><![CDATA[secular stagnation]]></kwd>
<kwd lng="en"><![CDATA[Latin America]]></kwd>
</kwd-group>
</article-meta>
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<year>2016</year>
<volume>50</volume>
<numero>2</numero>
<issue>2</issue>
</nlm-citation>
</ref>
</ref-list>
</back>
</article>
