| Journal: | Dados |
| Database: | CLASE |
| System number: | 000374085 |
| ISSN: | 0011-5258 |
| Authors: | Raposo, Eduardo de Vasconcelos1 Kasahara, Yuri2 |
| Institutions: | 1Pontificia Universidade Catolica do Rio de Janeiro, Departamento de Sociologia e Politica, Rio de Janeiro. Brasil 2University of Oslo, Centre for Development and the Environment, Oslo. Noruega |
| Year: | 2010 |
| Volumen: | 53 |
| Number: | 4 |
| Pages: | 921-958 |
| Country: | Brasil |
| Language: | Portugués |
| Document type: | Artículo |
| Approach: | Analítico, descriptivo |
| English abstract | The article discusses the autonomy of Brazil's Central Bank and its potential relationship to the national currency's stability. Beyond the government budget balance and the Central Bank's autonomy, we seek to demonstrate that the currency's stability also depends on the Bank's own political and institutional stability. Due to a gap in the literature, which has focused little attention on the political conditions and economic motivation by which important steps were taken towards achieving autonomy, we analyze the relations between autonomy and stability from a historical-institutional perspective. We call attention to the cyclical nature of the Brazilian economy, which alternates developmentalist policies and stabilization policies and thereby alters the Central Bank's role and degree of autonomy |
| Disciplines: | Economía |
| Keyword: | Economía política, Banca, Estabilidad económica, Banco Central, Autonomía, Brasil, Historia económica, Brasil |
| Full text: | Texto completo (Ver HTML) |
