{"id":10573,"date":"2025-12-02T20:26:39","date_gmt":"2025-12-02T23:26:39","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=10573"},"modified":"2025-12-02T20:26:40","modified_gmt":"2025-12-02T23:26:40","slug":"%ea%b2%bd%ec%a0%9c-%ec%86%8c%ec%8b%9d%ea%b1%b0%ec%8b%9c%ea%b2%bd%ec%a0%9c-%eb%b6%84%ec%84%9d%ea%b0%80-%ec%95%84%eb%a6%ac%ec%95%84%ec%88%98-%eb%b3%b4%ea%b3%a0%ec%84%9c%eb%af%b8%ea%b5%ad%ec%9d%98","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=10573","title":{"rendered":"[\uacbd\uc81c \uc18c\uc2dd]\uac70\uc2dc\uacbd\uc81c \ubd84\uc11d\uac00 \uc544\ub9ac\uc544\uc218 \ubcf4\uace0\uc11c\ubbf8\uad6d\uc758 \uacbd\uc81c, \ud1b5\ud654\uc815\ucc45\uacfc \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uc2e0\ub8b0, \ud658\uc728, \uc678\ud658\ubcf4\uc720\uc561, \uc7ac\uc815\uc815\ucc45"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uac70\uc2dc\uacbd\uc81c \ubd84\uc11d\uac00 \uc544\ub9ac\uc544\uc218 \ubcf4\uace0\uc11c
\ubcf4\uace0\uc11c\ub294 \uad6d\uc81c(\ubbf8\uad6d \uacbd\uc81c\u00b7\ud1b5\ud654\uc815\ucc45)\uc640 \uc544\ub974\ud5e8\ud2f0\ub098(\uc2e0\ub8b0\u00b7\ud658\uc728\u00b7\uc900\ube44\uae08\u00b7\uc7ac\uc815\uc815\ucc45) \ub450 \ubd80\ubd84\uc73c\ub85c \uad6c\uc131\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n

\ud83c\udf0e \uad6d\uc81c (INTERNACIONAL)
\u25aa \ubbf8\uad6d \uace0\uc6a9 \uc0c1\ud669
\ubbf8\uad6d \uacbd\uc81c\uc758 \uace0\uc6a9 \ucc3d\ucd9c\uc740 9\uc6d4\uc5d0 \uac00\uc18d\ud654\ub418\uc5c8\uc73c\ub098, \uc5ec\uc804\ud788 \uacbd\uae30 \ubbfc\uac10\ub3c4\uac00 \ub0ae\uc740 \uc77c\ubd80 \ubd80\ubb38\uc5d0 \uc9d1\uc911\ub418\uc5b4 \uc788\ub2e4.
\uc2e4\uc5c5\ub960\uc740 \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc73c\uba70, 10\uc6d4\uacfc 11\uc6d4\uc5d0\ub3c4 \uadf8 \ucd94\uc138\uac00 \uc774\uc5b4\uc9c4 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.
\uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(FOMC)\uc758 \ucd5c\uadfc \uc758\uc0ac\ub85d\uc740 \ub178\ub3d9\uc2dc\uc7a5\uc758 \uc57d\ud654\uc640 \uc18c\ub4dd\uacc4\uce35\ubcc4 \uc18c\ube44 \ud328\ud134 \uac04\uc758 \uaca9\ucc28 \ud655\ub300\ub97c \uac15\uc870\ud588\ub2e4.
\uc18c\ube44\uc9c0\ucd9c\uc758 \ud68c\ubcf5\ub825\uc740 \uc8fc\ub85c \uace0\uc18c\ub4dd\uce35 \uac00\uacc4\uc5d0 \uad6d\ud55c\ub418\uc5b4 \uc788\uc73c\uba70, \uc804\uccb4\uc801\uc73c\ub85c\ub294 \ud655\uc0b0\ub418\uc9c0 \uc54a\uc558\ub2e4.
\uc5f0\uc900 \ubd80\uc758\uc7a5\uc758 \ucd5c\uadfc \uc5f0\uc124\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc704\ud5d8\uc744 \uc644\ud654\ub41c \uac83\uc73c\ub85c \ud3c9\uac00\ud558\uba74\uc11c 12\uc6d4 \ud68c\uc758\uc5d0\uc11c \ucd94\uac00 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4.
\uc774\uc5d0 \ub300\ud574 \uae08\ub9ac\uc120\ubb3c\uc2dc\uc7a5\uc740 \uc774\ubbf8 \ubc18\uc751\ud558\uba70 \uc774\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4.<\/p>\n\n\n\n

\ud83c\uddfa\ud83c\uddf8 \ubbf8\uad6d (Estados Unidos)
\u25aa \uae08\ub9ac \uc804\ub9dd
\uade0\ud615\uc740 12\uc6d4 \uae08\ub9ac \uc778\ud558 \ubc29\ud5a5\uc73c\ub85c \uae30\uc6b8\uace0 \uc788\ub2e4.
\u25aa 9\uc6d4 \uace0\uc6a9 \uc790\ub8cc
\uc5f0\ubc29\uc815\ubd80\uc758 \uc77c\uc2dc\uc801 \uc167\ub2e4\uc6b4 \ud574\uc81c \uc774\ud6c4 9\uc6d4\uc758 \uacf5\uc2dd \uace0\uc6a9 \ud1b5\uacc4\uac00 \ubc1c\ud45c\ub418\uc5c8\ub2e4.
\uc774\uc804\uae4c\uc9c0\ub294 \uc2dc\uce74\uace0 \uc5f0\uc740(FED Chicago) \uc9c0\ud45c\ub098 \ubbfc\uac04 \ubcf4\uace0\uc11c\ub97c \ud1b5\ud574 \ub300\ub7b5\uc801\uc778 \ucd94\uc815\ub9cc \uac00\ub2a5\ud588\uc73c\ub098, \ub178\ub3d9\ud1b5\uacc4\uad6d(BLS)\uc758 \uacf5\uc2dd \uc218\uce58\ub294 \ubcf4\ub2e4 \uba85\ud655\ud55c \uace0\uc6a9 \uc0c1\ud669\uc744 \ubcf4\uc5ec\uc900\ub2e4.
9\uc6d4 \ube44\ub18d\uc5c5 \ubd80\ubb38 \uace0\uc6a9 \ucc3d\ucd9c\uc740 11\ub9cc9\ucc9c \uac1c\ub85c,
7~8\uc6d4 \uc218\uce58\uac00 \ud558\ud5a5 \uc218\uc815\ub418\uba70 \ucd1d 3\ub9cc3\ucc9c \uac1c\uac00 \uc904\uc5b4\ub4e0 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.
\ub530\ub77c\uc11c 8\uc6d4\uc740 2020\ub144 12\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc6d4\uac04 \uace0\uc6a9\uc774 \uac10\uc18c\ud588\ub2e4(-4\ucc9c \uba85).
\uace0\uc6a9 \uc99d\uac00\uac00 \uc788\uc5c8\uc9c0\ub9cc \uc5ec\uc804\ud788 \uba87\uba87 \ubd80\ubb38\uc5d0 \uc9d1\uc911\ub418\ub294 \uacbd\ud5a5\uc774 \ub450\ub4dc\ub7ec\uc9c4\ub2e4.
\ud2b9\ud788 \ubcf4\uac74, \uc624\ub77d \ubc0f \uc219\ubc15\uc5c5 \ubd80\ubb38\uc774 11\ub9cc9\ucc9c \uac1c \uc911 10\ub9cc6\ucc9c \uac1c\ub97c \ucc28\uc9c0\ud588\ub2e4.
\uc989, \ub2e4\ub978 \ubd80\ubb38\uc5d0\uc11c\ub294 \uac70\uc758 \uace0\uc6a9 \ucc3d\ucd9c\uc774 \uc5c6\uc5c8\ub2e4.
\uc774\ub294 \ucd5c\uadfc 5\uac1c\uc6d4 \uc911 \ucc98\uc74c\uc73c\ub85c \uc804\uccb4 \uc21c\uace0\uc6a9 \ud30c\uad34\uac00 \uc5c6\uc5c8\ub358 \ub2ec\ub85c, \ub450 \ubd80\ubb38(\ubcf4\uac74\u00b7\uc624\ub77d)\uc744 \uc81c\uc678\ud558\uba74 \ub2e4\ub978 \ubd80\ubb38\uc740 \uac70\uc758 \ubcc0\ub3d9\uc774 \uc5c6\uc5c8\ub2e4.
\u25aa \uc2e4\uc5c5\ub960
\uc2e4\uc5c5\ub960\uc740 \uc608\uc0c1\ub300\ub85c 4.4%\ub85c \uc18c\ud3ed \uc0c1\uc2b9(8\uc6d4 4.3% \u2192 9\uc6d4 4.4%).
\uc2dc\uce74\uace0 \uc5f0\uc740\uc758 \ubd84\ub9ac\uc728\u00b7\ucc44\uc6a9\uc728 \uc9c0\ud45c\ub85c \ubbf8\ub9ac \uc608\uce21\ub41c \ud750\ub984\uacfc \uc77c\uce58\ud55c\ub2e4.
10~11\uc6d4 \uc608\uc0c1\uce58\ub85c \ubcfc \ub54c \uc2e4\uc5c5\ub960\uc740 \ucd94\uac00\ub85c \uc57d\uac04 \ub354 \uc0c1\uc2b9\ud588\uc744 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.
\u25aa FOMC \uc758\uc0ac\ub85d
\ucd5c\uadfc \uacf5\uac1c\ub41c \uc758\uc0ac\ub85d\uc740 \ub178\ub3d9\uc2dc\uc7a5\uc758 \uc57d\ud654\uc640
\uc18c\ub4dd\uacc4\uce35\ubcc4 \uc18c\ube44\uc758 \uc774\uc9c8\uc131\uc744 \uac15\uc870\ud55c\ub2e4.
\uc704\uc6d0\ub4e4\uc740 \uace0\uc6a9\uc2dc\uc7a5\uc774 \uc11c\uc11c\ud788 \ub0c9\uac01\ub418\uace0 \uc788\uc73c\uba70,
\uc55e\uc73c\ub85c \uace0\uc6a9 \uc21c\ud658\ub960\uc774 \ub0ae\uc740 \uc0c1\ud0dc\ub85c \uc720\uc9c0\ub420 \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4.
\uc989, \uc2e0\uaddc\ucc44\uc6a9\uc740 \uc904\uace0 \uc774\uc9c1\ub960\ub3c4 \ub0ae\uc740 \u201c\uc815\uccb4\ub41c \uace0\uc6a9 \uc2dc\uc7a5\u201d\uc774 \uc774\uc5b4\uc9c8 \uc804\ub9dd\uc774\ub2e4.
\u25aa \ub178\ub3d9\uc2dc\uc7a5 \uc138\ubd80 \ub17c\uc758
\ub178\ub3d9 \uc218\uc694 \uac10\uc18c\uac00 \uc2e4\uc5c5\ub960 \uae09\ub4f1\uc73c\ub85c \uc774\uc5b4\uc9c0\uc9c0 \uc54a\uc740 \uc774\uc720\ub294 \ub178\ub3d9\ucc38\uc5ec\uc728 \ud558\ub77d \ub54c\ubb38\uc774\ub2e4.
\ud558\uc9c0\ub9cc \uc774\ub85c \uc778\ud574 \uace0\uc6a9 \uae30\ubc18\uc774 \ub354 \uc57d\ud574\uc84c\uace0,
\ud5a5\ud6c4 \uac11\uc791\uc2a4\ub7ec\uc6b4 \uc2e4\uc5c5\ub960 \uae09\ub4f1 \uc704\ud5d8\ub3c4 \uc788\ub2e4.
\ub610\ud55c \uace0\uc6a9 \ucc3d\ucd9c\uc774 \uacbd\uae30\uc21c\ud658\uc5d0 \ub454\uac10\ud55c \ubd80\ubb38(\ubcf4\uac74\u00b7\uad50\uc721 \ub4f1)\uc5d0 \uc9d1\uc911\ub418\uc5b4
\ub178\ub3d9\uc2dc\uc7a5 \uc804\ubc18\uc758 \ud65c\ub825\uc740 \uc57d\ud654\ub41c \uc0c1\ud0dc\ub2e4.
\u25aa \uc18c\ube44\uc758 \uc591\uadf9\ud654
\uc5ec\ub7ec FOMC \uc704\uc6d0\ub4e4\uc740 \ubbfc\uac04\uc18c\ube44\uac00 \uc544\uc9c1 \uacac\uc870\ud558\uc9c0\ub9cc \uc18c\ub4dd\uacc4\uce35 \uac04 \uc18c\ube44 \uaca9\ucc28\uac00 \uc2ec\ud654\ub418\uace0 \uc788\ub2e4\uace0 \uc5b8\uae09\ud588\ub2e4.
\uc0c1\uc704 20%\uc758 \uace0\uc18c\ub4dd\uce35\uc740 \uc790\uc0b0 \uc7ac\ud3c9\uac00 \ub355\ubd84\uc5d0 \uc18c\ube44 \uc5ec\ub825\uc774 \ub298\uc5b4\ub09c \ubc18\uba74, \ub098\uba38\uc9c0 \uacc4\uce35\uc740 \ubd88\ud655\uc2e4\uc131 \uc99d\uac00\uc640 \uace0\uc6a9\ub454\ud654\ub85c \uc18c\ube44\uac00 \uc704\ucd95\ub418\uc5c8\ub2e4.
\u25aa \uc5f0\uc900 \ubd80\uc758\uc7a5 \uc874 \uc70c\ub9ac\uc5c4\uc2a4\uc758 \uc5f0\uc124
\ub274\uc695 \uc5f0\uc740 \ubd80\uc758\uc7a5 \uc70c\ub9ac\uc5c4\uc2a4\ub294
\uc778\ud50c\ub808\uc774\uc158 \ub9ac\uc2a4\ud06c \uc644\ud654\uc640 12\uc6d4 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4.
\uadf8\ub294 \uc5d0\ub108\uc9c0\u00b7\uc694\uae08 \ub4f1 \uacf5\uae09 \uce21 \uc694\uc778 \uc644\ud654\ub85c \uc911\uae30 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uac00 \uc548\uc815\ub418\uc5c8\ub2e4\uace0 \ud3c9\uac00\ud558\uba70,
\uacf5\uae09\ub9dd \ubb38\uc81c\ub3c4 \uc644\ud654\ub418\uace0 \ub178\ub3d9\uc2dc\uc7a5\uc740 \ub0c9\uac01 \uc911\uc774\ub77c\uace0 \uc9c4\ub2e8\ud588\ub2e4.
\ub2e8\uae30\uc801\uc73c\ub85c\ub294 \ud1b5\ud654\uc815\ucc45 \uae08\ub9ac\ub97c \uc911\ub9bd \uc218\uc900\uc73c\ub85c \uc810\uc9c4\uc801\uc73c\ub85c \ub0ae\ucd9c \uc5ec\uc9c0\uac00 \uc788\ub2e4\uace0 \uc5b8\uae09\ud588\ub2e4.
\u25aa \uc2dc\uc7a5 \ubc18\uc751
\uc5f0\uc124 \uc774\ud6c4 \uae08\ub9ac\uc120\ubb3c\uc2dc\uc7a5\uc740 \uc989\uac01 \ubc18\uc751\ud588\uc73c\uba70,
\ud604\uc7ac 12\uc6d4 \ud68c\uc758\uc5d0\uc11c \uae08\ub9ac \uc778\ud558 \ud655\ub960\uc740 \uc57d 87%\ub85c \ucd94\uc815\ub41c\ub2e4.<\/p>\n\n\n\n

\ud83c\udde6\ud83c\uddf7 \uc544\ub974\ud5e8\ud2f0\ub098 (ARGENTINA)
\u25aa \uc2e0\ub8b0(Confianza)\uc758 \uc911\uc694\uc131
\uacbd\uc81c \uacc4\ud68d\uc758 \uc131\uacf5 \ub610\ub294 \uc2e4\ud328\ub294 \uc2e0\ub8b0\uc5d0 \ub2ec\ub824 \uc788\ub2e4.
\uc2e0\ub8b0\ub294 \uacbd\uc81c\uc8fc\uccb4\uac00 \ubbf8\ub798\ub97c \uc608\uce21\ud558\uace0 \uacc4\ud68d\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uacfc \uad00\ub828\ub41c\ub2e4.
\ubd88\ud655\uc2e4\uc131\uc740 \uacbd\uc81c\uc758 \uc801\uc774\uba70, \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uacbd\uc6b0 \uadf8 \uc601\ud5a5\uc774 \ub354\uc6b1 \ud06c\ub2e4.
\u25aa \uc815\ubd80\uc758 \uc2e0\ub8b0 \uc720\uc9c0
\uc815\ubd80\ub294 \uc7ac\uc815\u00b7\ud658\uc728\uc758 \u2018\uc575\ucee4(\uae30\uc900\uc810)\u2019\uc744 \ud1b5\ud574 \uc77c\uc2dc\uc801 \uc608\uce21\uac00\ub2a5\uc131\uc744 \ud655\ubcf4\ud588\ub2e4.
\uadf8\ub7ec\ub098 \ud658\uc728 \uaddc\uc81c \ud574\uc81c, \ucd1d\uc120, LEFI(\uad6d\ucc44) \ud574\uccb4 \ub4f1\uc774 \ub9de\ubb3c\ub9ac\uba70 \uc608\uce21\uac00\ub2a5\uc131\uc774 \ud06c\uac8c \ub0ae\uc544\uc9c0\uace0, \uc2e0\ub8b0 \uc5ed\uc2dc \uc57d\ud654\ub418\uc5c8\ub2e4.
\uc774\ub85c \uc778\ud574 \ub2ec\ub7ec\ud654 \uc218\uc694 \uc99d\uac00\uc640 \ud658\uc728 \ubd88\uc548\uc774 \ud655\ub300\ub418\uc5c8\ub2e4.
\u25aa \uc120\uac70 \uc804 \uc678\ud654 \uc218\uc694 \uae09\uc99d
\uc120\uac70\ub97c \uc55e\ub454 \uc2dc\uae30\uc5d0\ub294 \uc678\ud658 \uc218\uc694\uc640 \ud574\uc678\uc790\uc0b0 \ud615\uc131\uc774 \uae09\uc99d\ud588\ub2e4.
2025\ub144 8~10\uc6d4 \uc0ac\uc774 \uc678\ud654 \uc218\uc694\ub294 \uc57d USD 363\uc5b5 \ub2ec\ub7ec\ub85c, \uc774\ub294 \uc678\ud658\uc2dc\uc7a5(MULC) \ud1b5\uacc4\uc5d0\uc11c \ud655\uc778\ub41c\ub2e4.
\ub2f9\uad6d\uc740 \ud658\uc728\ubc34\ub4dc \ub0b4\uc5d0\uc11c \uc774\ub97c \uc81c\uc5b4\ud558\uae30 \uc704\ud574 \uc2dc\uc7a5\uac1c\uc785\uc744 \uac15\ud654\ud588\ub2e4.
\u25aa \ub0ae\uc740 \uc678\ud658\ubcf4\uc720\uc561
\ud604\uc7ac \uc911\uc559\uc740\ud589(BCRA)\uc758 \uc21c\ubcf4\uc720\uc561\uc740 \uc57d 410\uc5b5 \ub2ec\ub7ec\ub85c, GDP\uc758 7%\uc5d0 \ubd88\uacfc\ud558\ub2e4.
\uc774\ub294 \uce60\ub808(13.5%), \ube0c\ub77c\uc9c8(16.7%), \uc6b0\ub8e8\uacfc\uc774(24.6%)\ubcf4\ub2e4 \ud6e8\uc52c \ub0ae\ub2e4.
\uc774 \ub0ae\uc740 \uc900\ube44\uae08 \uc218\uc900\uc774 \uc2e0\ub8b0 \ud68c\ubcf5\uc758 \uac00\uc7a5 \ud070 \uc81c\uc57d \uc694\uc778\uc774\ub2e4.
\u25aa \uc2dc\uc7a5\uc758 \uc2dc\uac01\uacfc \ubb38\uc81c\uc810
\uc2dc\uc7a5\uc5d0\uc11c\ub294 \u201cBCRA\uac00 \uacbd\uc0c1\uc218\uc9c0\ub97c \ud1b5\ud55c \uc900\ube44\uae08 \ucd95\uc801\u201d\uc744 \uc694\uad6c\ud558\uc9c0\ub9cc, \uc790\ubcf8\uc218\uc9c0\uc758 \uc911\uc694\uc131\uc740 \uac04\uacfc\ud558\uace0 \uc788\ub2e4.
\uc989, \uc218\ucd9c \ud655\ub300\uc640 \uc218\uc785 \ucd95\uc18c\ub9cc\uc73c\ub85c\ub294 \ucda9\ubd84\ud558\uc9c0 \uc54a\uc73c\uba70, \uc790\ubcf8 \uc720\uc785\uc744 \uc720\ub3c4\ud558\ub294 \uc2e0\ub8b0 \uad6c\ucd95\uc774 \ud544\uc218\uc801\uc774\ub2e4.
\ud83c\udde7\ud83c\uddf7 \ube0c\ub77c\uc9c8 \uc0ac\ub840 (El caso de Brasil)
\ube0c\ub77c\uc9c8 \uc911\uc559\uc740\ud589(BCB)\uc740 \uacbd\uc0c1\uc218\uc9c0 \uc801\uc790 \uc0c1\ud0dc\uc5d0\uc11c\ub3c4 2007~2012\ub144 \uc0ac\uc774 \uc57d 3\ucc9c\uc5b5 \ub2ec\ub7ec\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ucd95\uc801\ud588\ub2e4.
\uc774\ub294 \uc790\ubcf8\uc218\uc9c0 \ud751\uc790(\uc57d 6\ucc9c\uc5b5 \ub2ec\ub7ec)\ub97c \ud1b5\ud574 \uac00\ub2a5\ud588\uc73c\uba70, \ud1b5\ud654\ubc1c\ud589\uc744 \ud1b5\ud55c \uad6d\ub0b4 \uc218\uc694 \ud655\ub300\uac00 \uc8fc\uc694 \uc6d0\uc778\uc774\uc5c8\ub2e4.
BCB\uc758 \uc900\ube44\uae08 \uc99d\uac00\ub294 \ud1b5\ud654\uc218\uc694\uc640 \uc21c\ub0b4\uc2e0\uc6a9 \uac10\uc18c \ub355\ubd84\uc774\uc5c8\ub2e4.
\ub2f9\uc2dc \ud1b5\ud654\uc218\uc694 \uc99d\uac00\ubd84 \uc57d USD 1,730\uc5b5 \ub2ec\ub7ec\uc758 \uc808\ubc18\uc774 \uae08\uc735\uae30\uad00\uc758 \uc9c0\uae09\uc900\ube44\uae08 \uc99d\uac00\ub85c \uc124\uba85\ub41c\ub2e4.
\ub610\ud55c \uad6d\ucc44 \ub9e4\uc785\uacfc \uc911\uc559\uc740\ud589\uc758 REPO (\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c)\uc774 \uc900\ube44\uae08 \ub204\uc801\uc758 \uc8fc\uc694 \uba54\ucee4\ub2c8\uc998\uc774\uc5c8\ub2e4.
\ube0c\ub77c\uc9c8 \uc0ac\ub840\ub294 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0\ub3c4 \uc2dc\uc0ac\uc810\uc744 \uc900\ub2e4.
\uc544\ub974\ud5e8\ud2f0\ub098\ub294 \uc774\uc911\ud1b5\ud654\uacbd\uc81c(bimonetaria) \uad6c\uc870\ub97c \uac00\uc9c0\uace0 \uc788\uc5b4 \ud398\uc18c \uc790\uc0b0 \uc218\uc694 \ud655\ub300\uac00 \uc5b4\ub835\uc9c0\ub9cc, \uc2e0\ub8b0\uc640 \uc131\uc7a5 \uc804\ub9dd\uc774 \uac15\ud654\ub418\uba74 \uc790\ubcf8\uc720\uc785 \ubc0f \ud1b5\ud654\uc218\uc694 \uc99d\uac00 \u2192\uc678\ud658\uc900\ube44\uae08 \uc7ac\uad6c\uc131\uc73c\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4.
\ud83d\udcb0 \uacb0\ub860: \ud504\ub85c\uadf8\ub7a8\uc758 \uc2e0\ub8b0\uc131 \ud655\ubcf4
\uacbd\uc0c1\uc218\uc9c0 \uc801\uc790\uac00 \uc788\ub354\ub77c\ub3c4 \uc2e0\ub8b0 \ud68c\ubcf5\uacfc \uae0d\uc815\uc801 \uc804\ub9dd\uc774 \uc790\ubcf8\uc720\uc785\uc744 \uc720\ub3c4\ud55c\ub2e4\uba74 \uc678\ud658\ubcf4\uc720\uc561\uc740 \uc99d\uac00\ud560 \uc218 \uc788\ub2e4.
\ub530\ub77c\uc11c \u201c\uac74\uc804\ud55c \uacbd\uc0c1\uc218\uc9c0 \uc801\uc790\u201d\ub97c \uc720\uc9c0\ud558\uba74\uc11c
\uc7ac\uc815\uaddc\uc728\uc744 \ud504\ub85c\uadf8\ub7a8\uc758 \ud575\uc2ec \uc575\ucee4\ub85c \uc0bc\ub294 \uac83\uc774 \uc911\uc694\ud558\ub2e4.
\uc790\ubcf8\uc720\uc785\uc774 \ub298 \ub54c\ub294 \ucd1d\uc218\uc694 \uc99d\uac00\ub97c \uc644\ud654\ud560 \uc218 \uc788\ub294 \uae34\ucd95\uc801 \uc7ac\uc815\uc815\ucc45\uc774 \ud544\uc694\ud558\ub2e4.
\uc774\ub294 \uc2e4\uc9c8\ud658\uc728\uc758 \uacfc\ub3c4\ud55c \uc808\uc0c1\uacfc \ud5a5\ud6c4 \uae08\uc735\uc5ec\uac74 \uc545\ud654\uc5d0 \ub300\ube44\ud558\ub294 \uba85\ud655\ud55c \uc2e0\ud638\uac00 \ub420 \uac83\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\uac70\uc2dc\uacbd\uc81c \ubd84\uc11d\uac00 \uc544\ub9ac\uc544\uc218 \ubcf4\uace0\uc11c\ubcf4\uace0\uc11c\ub294 \uad6d\uc81c(\ubbf8\uad6d \uacbd\uc81c\u00b7\ud1b5\ud654\uc815\ucc45)\uc640 \uc544\ub974\ud5e8\ud2f0\ub098(\uc2e0\ub8b0\u00b7\ud658\uc728\u00b7\uc900\ube44\uae08\u00b7\uc7ac\uc815\uc815\ucc45) \ub450 \ubd80\ubd84\uc73c\ub85c \uad6c\uc131\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \ud83c\udf0e \uad6d\uc81c (INTERNACIONAL)\u25aa \ubbf8\uad6d \uace0\uc6a9 \uc0c1\ud669\ubbf8\uad6d \uacbd\uc81c\uc758 \uace0\uc6a9 \ucc3d\ucd9c\uc740 9\uc6d4\uc5d0 \uac00\uc18d\ud654\ub418\uc5c8\uc73c\ub098, \uc5ec\uc804\ud788 \uacbd\uae30 \ubbfc\uac10\ub3c4\uac00 \ub0ae\uc740 \uc77c\ubd80 \ubd80\ubb38\uc5d0 \uc9d1\uc911\ub418\uc5b4 \uc788\ub2e4.\uc2e4\uc5c5\ub960\uc740 \uc18c\ud3ed \uc0c1\uc2b9\ud588\uc73c\uba70, 10\uc6d4\uacfc 11\uc6d4\uc5d0\ub3c4 \uadf8 \ucd94\uc138\uac00 \uc774\uc5b4\uc9c4 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4.\uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(FOMC)\uc758 \ucd5c\uadfc \uc758\uc0ac\ub85d\uc740 \ub178\ub3d9\uc2dc\uc7a5\uc758 \uc57d\ud654\uc640 \uc18c\ub4dd\uacc4\uce35\ubcc4 \uc18c\ube44 \ud328\ud134 \uac04\uc758 \uaca9\ucc28 \ud655\ub300\ub97c \uac15\uc870\ud588\ub2e4.\uc18c\ube44\uc9c0\ucd9c\uc758 \ud68c\ubcf5\ub825\uc740 \uc8fc\ub85c \uace0\uc18c\ub4dd\uce35 \uac00\uacc4\uc5d0 \uad6d\ud55c\ub418\uc5b4 \uc788\uc73c\uba70, \uc804\uccb4\uc801\uc73c\ub85c\ub294 \ud655\uc0b0\ub418\uc9c0 \uc54a\uc558\ub2e4.\uc5f0\uc900 \ubd80\uc758\uc7a5\uc758 \ucd5c\uadfc \uc5f0\uc124\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc704\ud5d8\uc744 \uc644\ud654\ub41c \uac83\uc73c\ub85c \ud3c9\uac00\ud558\uba74\uc11c 12\uc6d4 \ud68c\uc758\uc5d0\uc11c \ucd94\uac00 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4.\uc774\uc5d0 \ub300\ud574 \uae08\ub9ac\uc120\ubb3c\uc2dc\uc7a5\uc740 \uc774\ubbf8 \ubc18\uc751\ud558\uba70 \uc774\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \ud83c\uddfa\ud83c\uddf8 \ubbf8\uad6d (Estados Unidos)\u25aa \uae08\ub9ac \uc804\ub9dd\uade0\ud615\uc740 12\uc6d4 \uae08\ub9ac \uc778\ud558 \ubc29\ud5a5\uc73c\ub85c \uae30\uc6b8\uace0 \uc788\ub2e4.\u25aa 9\uc6d4 \uace0\uc6a9 \uc790\ub8cc\uc5f0\ubc29\uc815\ubd80\uc758 \uc77c\uc2dc\uc801 \uc167\ub2e4\uc6b4 \ud574\uc81c \uc774\ud6c4 9\uc6d4\uc758 \uacf5\uc2dd \uace0\uc6a9 \ud1b5\uacc4\uac00 \ubc1c\ud45c\ub418\uc5c8\ub2e4.\uc774\uc804\uae4c\uc9c0\ub294 \uc2dc\uce74\uace0 \uc5f0\uc740(FED Chicago) \uc9c0\ud45c\ub098 \ubbfc\uac04 \ubcf4\uace0\uc11c\ub97c \ud1b5\ud574 \ub300\ub7b5\uc801\uc778 \ucd94\uc815\ub9cc \uac00\ub2a5\ud588\uc73c\ub098, \ub178\ub3d9\ud1b5\uacc4\uad6d(BLS)\uc758 \uacf5\uc2dd \uc218\uce58\ub294 \ubcf4\ub2e4 \uba85\ud655\ud55c \uace0\uc6a9 \uc0c1\ud669\uc744 \ubcf4\uc5ec\uc900\ub2e4.9\uc6d4 \ube44\ub18d\uc5c5 \ubd80\ubb38 \uace0\uc6a9 \ucc3d\ucd9c\uc740 11\ub9cc9\ucc9c \uac1c\ub85c,7~8\uc6d4 \uc218\uce58\uac00 \ud558\ud5a5 \uc218\uc815\ub418\uba70 \ucd1d 3\ub9cc3\ucc9c \uac1c\uac00 \uc904\uc5b4\ub4e0 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4.\ub530\ub77c\uc11c 8\uc6d4\uc740 2020\ub144 12\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc6d4\uac04 \uace0\uc6a9\uc774 \uac10\uc18c\ud588\ub2e4(-4\ucc9c \uba85).\uace0\uc6a9 \uc99d\uac00\uac00 \uc788\uc5c8\uc9c0\ub9cc \uc5ec\uc804\ud788 \uba87\uba87 \ubd80\ubb38\uc5d0 \uc9d1\uc911\ub418\ub294 \uacbd\ud5a5\uc774 \ub450\ub4dc\ub7ec\uc9c4\ub2e4.\ud2b9\ud788 \ubcf4\uac74, \uc624\ub77d \ubc0f \uc219\ubc15\uc5c5 \ubd80\ubb38\uc774 11\ub9cc9\ucc9c \uac1c \uc911 10\ub9cc6\ucc9c \uac1c\ub97c \ucc28\uc9c0\ud588\ub2e4.\uc989, \ub2e4\ub978 \ubd80\ubb38\uc5d0\uc11c\ub294 \uac70\uc758 \uace0\uc6a9 \ucc3d\ucd9c\uc774 \uc5c6\uc5c8\ub2e4.\uc774\ub294 \ucd5c\uadfc 5\uac1c\uc6d4 \uc911 \ucc98\uc74c\uc73c\ub85c \uc804\uccb4 \uc21c\uace0\uc6a9 \ud30c\uad34\uac00 \uc5c6\uc5c8\ub358 \ub2ec\ub85c, \ub450 \ubd80\ubb38(\ubcf4\uac74\u00b7\uc624\ub77d)\uc744 \uc81c\uc678\ud558\uba74 \ub2e4\ub978 \ubd80\ubb38\uc740 \uac70\uc758 \ubcc0\ub3d9\uc774 \uc5c6\uc5c8\ub2e4.\u25aa \uc2e4\uc5c5\ub960\uc2e4\uc5c5\ub960\uc740 \uc608\uc0c1\ub300\ub85c 4.4%\ub85c \uc18c\ud3ed \uc0c1\uc2b9(8\uc6d4 4.3% \u2192 9\uc6d4 4.4%).\uc2dc\uce74\uace0 \uc5f0\uc740\uc758 \ubd84\ub9ac\uc728\u00b7\ucc44\uc6a9\uc728 \uc9c0\ud45c\ub85c \ubbf8\ub9ac \uc608\uce21\ub41c \ud750\ub984\uacfc \uc77c\uce58\ud55c\ub2e4.10~11\uc6d4 \uc608\uc0c1\uce58\ub85c \ubcfc \ub54c \uc2e4\uc5c5\ub960\uc740 \ucd94\uac00\ub85c \uc57d\uac04 \ub354 \uc0c1\uc2b9\ud588\uc744 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.\u25aa FOMC \uc758\uc0ac\ub85d\ucd5c\uadfc \uacf5\uac1c\ub41c \uc758\uc0ac\ub85d\uc740 \ub178\ub3d9\uc2dc\uc7a5\uc758 \uc57d\ud654\uc640\uc18c\ub4dd\uacc4\uce35\ubcc4 \uc18c\ube44\uc758 \uc774\uc9c8\uc131\uc744 \uac15\uc870\ud55c\ub2e4.\uc704\uc6d0\ub4e4\uc740 \uace0\uc6a9\uc2dc\uc7a5\uc774 \uc11c\uc11c\ud788 \ub0c9\uac01\ub418\uace0 \uc788\uc73c\uba70,\uc55e\uc73c\ub85c \uace0\uc6a9 \uc21c\ud658\ub960\uc774 \ub0ae\uc740 \uc0c1\ud0dc\ub85c \uc720\uc9c0\ub420 \uac83\uc73c\ub85c \ub0b4\ub2e4\ubd24\ub2e4.\uc989, \uc2e0\uaddc\ucc44\uc6a9\uc740 \uc904\uace0 \uc774\uc9c1\ub960\ub3c4 \ub0ae\uc740 \u201c\uc815\uccb4\ub41c \uace0\uc6a9 \uc2dc\uc7a5\u201d\uc774 \uc774\uc5b4\uc9c8 \uc804\ub9dd\uc774\ub2e4.\u25aa \ub178\ub3d9\uc2dc\uc7a5 \uc138\ubd80 \ub17c\uc758\ub178\ub3d9 \uc218\uc694 \uac10\uc18c\uac00 \uc2e4\uc5c5\ub960 \uae09\ub4f1\uc73c\ub85c \uc774\uc5b4\uc9c0\uc9c0 \uc54a\uc740 \uc774\uc720\ub294 \ub178\ub3d9\ucc38\uc5ec\uc728 \ud558\ub77d \ub54c\ubb38\uc774\ub2e4.\ud558\uc9c0\ub9cc \uc774\ub85c \uc778\ud574 \uace0\uc6a9 \uae30\ubc18\uc774 \ub354 \uc57d\ud574\uc84c\uace0,\ud5a5\ud6c4 \uac11\uc791\uc2a4\ub7ec\uc6b4 \uc2e4\uc5c5\ub960 \uae09\ub4f1 \uc704\ud5d8\ub3c4 \uc788\ub2e4.\ub610\ud55c \uace0\uc6a9 \ucc3d\ucd9c\uc774 \uacbd\uae30\uc21c\ud658\uc5d0 \ub454\uac10\ud55c \ubd80\ubb38(\ubcf4\uac74\u00b7\uad50\uc721 \ub4f1)\uc5d0 \uc9d1\uc911\ub418\uc5b4\ub178\ub3d9\uc2dc\uc7a5 \uc804\ubc18\uc758 \ud65c\ub825\uc740 \uc57d\ud654\ub41c \uc0c1\ud0dc\ub2e4.\u25aa \uc18c\ube44\uc758 \uc591\uadf9\ud654\uc5ec\ub7ec FOMC \uc704\uc6d0\ub4e4\uc740 \ubbfc\uac04\uc18c\ube44\uac00 \uc544\uc9c1 \uacac\uc870\ud558\uc9c0\ub9cc \uc18c\ub4dd\uacc4\uce35 \uac04 \uc18c\ube44 \uaca9\ucc28\uac00 \uc2ec\ud654\ub418\uace0 \uc788\ub2e4\uace0 \uc5b8\uae09\ud588\ub2e4.\uc0c1\uc704 20%\uc758 \uace0\uc18c\ub4dd\uce35\uc740 \uc790\uc0b0 \uc7ac\ud3c9\uac00 \ub355\ubd84\uc5d0 \uc18c\ube44 \uc5ec\ub825\uc774 \ub298\uc5b4\ub09c \ubc18\uba74, \ub098\uba38\uc9c0 \uacc4\uce35\uc740 \ubd88\ud655\uc2e4\uc131 \uc99d\uac00\uc640 \uace0\uc6a9\ub454\ud654\ub85c \uc18c\ube44\uac00 \uc704\ucd95\ub418\uc5c8\ub2e4.\u25aa \uc5f0\uc900 \ubd80\uc758\uc7a5 \uc874 \uc70c\ub9ac\uc5c4\uc2a4\uc758 \uc5f0\uc124\ub274\uc695 \uc5f0\uc740 \ubd80\uc758\uc7a5 \uc70c\ub9ac\uc5c4\uc2a4\ub294\uc778\ud50c\ub808\uc774\uc158 \ub9ac\uc2a4\ud06c \uc644\ud654\uc640 12\uc6d4 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud588\ub2e4.\uadf8\ub294 \uc5d0\ub108\uc9c0\u00b7\uc694\uae08 \ub4f1 \uacf5\uae09 \uce21 \uc694\uc778 \uc644\ud654\ub85c \uc911\uae30 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uac00 \uc548\uc815\ub418\uc5c8\ub2e4\uace0 \ud3c9\uac00\ud558\uba70,\uacf5\uae09\ub9dd \ubb38\uc81c\ub3c4 \uc644\ud654\ub418\uace0 \ub178\ub3d9\uc2dc\uc7a5\uc740 \ub0c9\uac01 \uc911\uc774\ub77c\uace0 \uc9c4\ub2e8\ud588\ub2e4.\ub2e8\uae30\uc801\uc73c\ub85c\ub294 \ud1b5\ud654\uc815\ucc45 \uae08\ub9ac\ub97c \uc911\ub9bd \uc218\uc900\uc73c\ub85c \uc810\uc9c4\uc801\uc73c\ub85c \ub0ae\ucd9c \uc5ec\uc9c0\uac00 \uc788\ub2e4\uace0 \uc5b8\uae09\ud588\ub2e4.\u25aa \uc2dc\uc7a5 \ubc18\uc751\uc5f0\uc124 \uc774\ud6c4 \uae08\ub9ac\uc120\ubb3c\uc2dc\uc7a5\uc740 \uc989\uac01 \ubc18\uc751\ud588\uc73c\uba70,\ud604\uc7ac 12\uc6d4 \ud68c\uc758\uc5d0\uc11c \uae08\ub9ac \uc778\ud558 \ud655\ub960\uc740 \uc57d 87%\ub85c \ucd94\uc815\ub41c\ub2e4. \ud83c\udde6\ud83c\uddf7 \uc544\ub974\ud5e8\ud2f0\ub098 (ARGENTINA)\u25aa \uc2e0\ub8b0(Confianza)\uc758 \uc911\uc694\uc131\uacbd\uc81c \uacc4\ud68d\uc758 \uc131\uacf5 \ub610\ub294 \uc2e4\ud328\ub294 \uc2e0\ub8b0\uc5d0 \ub2ec\ub824 \uc788\ub2e4.\uc2e0\ub8b0\ub294 \uacbd\uc81c\uc8fc\uccb4\uac00 \ubbf8\ub798\ub97c \uc608\uce21\ud558\uace0 \uacc4\ud68d\ud560 \uc218 \uc788\ub294 \ub2a5\ub825\uacfc \uad00\ub828\ub41c\ub2e4.\ubd88\ud655\uc2e4\uc131\uc740 \uacbd\uc81c\uc758 \uc801\uc774\uba70, \uc544\ub974\ud5e8\ud2f0\ub098\uc758 \uacbd\uc6b0 \uadf8 \uc601\ud5a5\uc774 \ub354\uc6b1 \ud06c\ub2e4.\u25aa \uc815\ubd80\uc758 \uc2e0\ub8b0 \uc720\uc9c0\uc815\ubd80\ub294 \uc7ac\uc815\u00b7\ud658\uc728\uc758 \u2018\uc575\ucee4(\uae30\uc900\uc810)\u2019\uc744 \ud1b5\ud574 \uc77c\uc2dc\uc801 \uc608\uce21\uac00\ub2a5\uc131\uc744 \ud655\ubcf4\ud588\ub2e4.\uadf8\ub7ec\ub098 \ud658\uc728 \uaddc\uc81c \ud574\uc81c, \ucd1d\uc120, LEFI(\uad6d\ucc44) \ud574\uccb4 \ub4f1\uc774 \ub9de\ubb3c\ub9ac\uba70 \uc608\uce21\uac00\ub2a5\uc131\uc774 \ud06c\uac8c \ub0ae\uc544\uc9c0\uace0, \uc2e0\ub8b0 \uc5ed\uc2dc \uc57d\ud654\ub418\uc5c8\ub2e4.\uc774\ub85c \uc778\ud574 \ub2ec\ub7ec\ud654 \uc218\uc694 \uc99d\uac00\uc640 \ud658\uc728 \ubd88\uc548\uc774 \ud655\ub300\ub418\uc5c8\ub2e4.\u25aa \uc120\uac70 \uc804 \uc678\ud654 \uc218\uc694 \uae09\uc99d\uc120\uac70\ub97c \uc55e\ub454 \uc2dc\uae30\uc5d0\ub294 \uc678\ud658 \uc218\uc694\uc640 \ud574\uc678\uc790\uc0b0 \ud615\uc131\uc774 \uae09\uc99d\ud588\ub2e4.2025\ub144 8~10\uc6d4 \uc0ac\uc774 \uc678\ud654 \uc218\uc694\ub294 \uc57d USD 363\uc5b5 \ub2ec\ub7ec\ub85c, \uc774\ub294 \uc678\ud658\uc2dc\uc7a5(MULC) \ud1b5\uacc4\uc5d0\uc11c \ud655\uc778\ub41c\ub2e4.\ub2f9\uad6d\uc740 \ud658\uc728\ubc34\ub4dc \ub0b4\uc5d0\uc11c \uc774\ub97c \uc81c\uc5b4\ud558\uae30 \uc704\ud574 \uc2dc\uc7a5\uac1c\uc785\uc744 \uac15\ud654\ud588\ub2e4.\u25aa \ub0ae\uc740 \uc678\ud658\ubcf4\uc720\uc561\ud604\uc7ac \uc911\uc559\uc740\ud589(BCRA)\uc758 \uc21c\ubcf4\uc720\uc561\uc740 \uc57d 410\uc5b5 \ub2ec\ub7ec\ub85c, GDP\uc758 7%\uc5d0 \ubd88\uacfc\ud558\ub2e4.\uc774\ub294 \uce60\ub808(13.5%), \ube0c\ub77c\uc9c8(16.7%), \uc6b0\ub8e8\uacfc\uc774(24.6%)\ubcf4\ub2e4 \ud6e8\uc52c \ub0ae\ub2e4.\uc774 \ub0ae\uc740 \uc900\ube44\uae08 \uc218\uc900\uc774 \uc2e0\ub8b0 \ud68c\ubcf5\uc758 \uac00\uc7a5 \ud070 \uc81c\uc57d \uc694\uc778\uc774\ub2e4.\u25aa \uc2dc\uc7a5\uc758 \uc2dc\uac01\uacfc \ubb38\uc81c\uc810\uc2dc\uc7a5\uc5d0\uc11c\ub294 \u201cBCRA\uac00 \uacbd\uc0c1\uc218\uc9c0\ub97c \ud1b5\ud55c \uc900\ube44\uae08 \ucd95\uc801\u201d\uc744 \uc694\uad6c\ud558\uc9c0\ub9cc, \uc790\ubcf8\uc218\uc9c0\uc758 \uc911\uc694\uc131\uc740 \uac04\uacfc\ud558\uace0 \uc788\ub2e4.\uc989, \uc218\ucd9c \ud655\ub300\uc640 \uc218\uc785 \ucd95\uc18c\ub9cc\uc73c\ub85c\ub294 \ucda9\ubd84\ud558\uc9c0 \uc54a\uc73c\uba70, \uc790\ubcf8 \uc720\uc785\uc744 \uc720\ub3c4\ud558\ub294 \uc2e0\ub8b0 \uad6c\ucd95\uc774 \ud544\uc218\uc801\uc774\ub2e4.\ud83c\udde7\ud83c\uddf7 \ube0c\ub77c\uc9c8 \uc0ac\ub840 (El caso de Brasil)\ube0c\ub77c\uc9c8 \uc911\uc559\uc740\ud589(BCB)\uc740 \uacbd\uc0c1\uc218\uc9c0 \uc801\uc790 \uc0c1\ud0dc\uc5d0\uc11c\ub3c4 2007~2012\ub144 \uc0ac\uc774 \uc57d 3\ucc9c\uc5b5 \ub2ec\ub7ec\uc758 \uc678\ud658\ubcf4\uc720\uc561\uc744 \ucd95\uc801\ud588\ub2e4.\uc774\ub294 \uc790\ubcf8\uc218\uc9c0 \ud751\uc790(\uc57d 6\ucc9c\uc5b5 \ub2ec\ub7ec)\ub97c \ud1b5\ud574 \uac00\ub2a5\ud588\uc73c\uba70, \ud1b5\ud654\ubc1c\ud589\uc744 \ud1b5\ud55c \uad6d\ub0b4 \uc218\uc694 \ud655\ub300\uac00 \uc8fc\uc694 \uc6d0\uc778\uc774\uc5c8\ub2e4.BCB\uc758 \uc900\ube44\uae08 \uc99d\uac00\ub294 \ud1b5\ud654\uc218\uc694\uc640 \uc21c\ub0b4\uc2e0\uc6a9 \uac10\uc18c \ub355\ubd84\uc774\uc5c8\ub2e4.\ub2f9\uc2dc \ud1b5\ud654\uc218\uc694 \uc99d\uac00\ubd84 \uc57d USD 1,730\uc5b5 \ub2ec\ub7ec\uc758 \uc808\ubc18\uc774 \uae08\uc735\uae30\uad00\uc758 \uc9c0\uae09\uc900\ube44\uae08 \uc99d\uac00\ub85c \uc124\uba85\ub41c\ub2e4.\ub610\ud55c \uad6d\ucc44 \ub9e4\uc785\uacfc \uc911\uc559\uc740\ud589\uc758 REPO (\ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c)\uc774 \uc900\ube44\uae08 \ub204\uc801\uc758 \uc8fc\uc694 \uba54\ucee4\ub2c8\uc998\uc774\uc5c8\ub2e4.\ube0c\ub77c\uc9c8 \uc0ac\ub840\ub294 \uc544\ub974\ud5e8\ud2f0\ub098\uc5d0\ub3c4 \uc2dc\uc0ac\uc810\uc744 \uc900\ub2e4.\uc544\ub974\ud5e8\ud2f0\ub098\ub294 \uc774\uc911\ud1b5\ud654\uacbd\uc81c(bimonetaria) \uad6c\uc870\ub97c \uac00\uc9c0\uace0 \uc788\uc5b4 \ud398\uc18c \uc790\uc0b0 \uc218\uc694 \ud655\ub300\uac00 \uc5b4\ub835\uc9c0\ub9cc, \uc2e0\ub8b0\uc640 \uc131\uc7a5 \uc804\ub9dd\uc774 \uac15\ud654\ub418\uba74 \uc790\ubcf8\uc720\uc785 \ubc0f \ud1b5\ud654\uc218\uc694 \uc99d\uac00 \u2192\uc678\ud658\uc900\ube44\uae08 \uc7ac\uad6c\uc131\uc73c\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4.\ud83d\udcb0 \uacb0\ub860: \ud504\ub85c\uadf8\ub7a8\uc758 \uc2e0\ub8b0\uc131 \ud655\ubcf4\uacbd\uc0c1\uc218\uc9c0 \uc801\uc790\uac00 \uc788\ub354\ub77c\ub3c4 \uc2e0\ub8b0 \ud68c\ubcf5\uacfc \uae0d\uc815\uc801 \uc804\ub9dd\uc774 \uc790\ubcf8\uc720\uc785\uc744 \uc720\ub3c4\ud55c\ub2e4\uba74 \uc678\ud658\ubcf4\uc720\uc561\uc740 \uc99d\uac00\ud560 \uc218 \uc788\ub2e4.\ub530\ub77c\uc11c \u201c\uac74\uc804\ud55c \uacbd\uc0c1\uc218\uc9c0 \uc801\uc790\u201d\ub97c \uc720\uc9c0\ud558\uba74\uc11c\uc7ac\uc815\uaddc\uc728\uc744 \ud504\ub85c\uadf8\ub7a8\uc758 \ud575\uc2ec \uc575\ucee4\ub85c \uc0bc\ub294 \uac83\uc774 \uc911\uc694\ud558\ub2e4.\uc790\ubcf8\uc720\uc785\uc774 \ub298 \ub54c\ub294 \ucd1d\uc218\uc694 \uc99d\uac00\ub97c \uc644\ud654\ud560 \uc218 \uc788\ub294 \uae34\ucd95\uc801 \uc7ac\uc815\uc815\ucc45\uc774 \ud544\uc694\ud558\ub2e4.\uc774\ub294 \uc2e4\uc9c8\ud658\uc728\uc758 \uacfc\ub3c4\ud55c \uc808\uc0c1\uacfc \ud5a5\ud6c4 \uae08\uc735\uc5ec\uac74 \uc545\ud654\uc5d0 \ub300\ube44\ud558\ub294 \uba85\ud655\ud55c \uc2e0\ud638\uac00 \ub420 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