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Lessons we learned from the global financial crisis: a minskian interpretation of the causes, the fed's bail-out, and the future

Wray, L. Randall
2011

This paper will begin with a quick overview of the causes of the Global Financial Crisis (GFC) that began in 2007. There were many contributing factors but among the most important were rising inequality and stagnant incomes ...

Financial governance in Brazil ‐ 1998‐2010: an overview

Carneiro, Ricardo
2011

The current financial system in Brazil has its key roots in the 1950s. At that time, several of the features were established, which are still in evidence today. Of course, there have been changes, mainly in the 1990s and ...

What we learned from the 2009 financial crises in emerging countries

Boyer, Robert
2012-03-15

During the quiet times of stable and rapid growth, economists tend to think that they totally master their discipline and that they have converged towards a correct understanding of macroeconomic dynamics. Similarly ...

The capital flow conundrum: and a solution

Flassbeck, Heiner
2011

Capital flow volatility is one of the most pressing financial problems facing developing and emerging economies. These countries expect steady and reliable inflows to promote investment in fixed capital and to help to ...

The relevance of money for economic development

Flassbeck, Heiner
2010-05-20

Why are macroeconomic considerations, in particular those about money and currencies, relevant for economic policy if the overall goal of governments is welfare for the majority of the population? Broadly speaking, economic ...

Economic stagnation and alternative development strategies

Guillén, Arturo
2011-08-16

The focus of my paper is the presentation of some thoughts on overcoming economic stagnation, with reference to the case of Mexico. In Section 2, I will describe the reasons why the policies of financial opening based on ...

Some notes about the determination of current account equilibrium real exchange rate and the relation between real exchange rate and productive specialization

Oreiro, José Luis
2011-08-15

The objective of these notes is to present a simple mathematical model of the determination of current account real exchange rate as defined by Bresser-Pereira (2010); i.e. the real exchange rate that guarantees the inter ...

Neutralizing the Dutch disease

Costa, Fernando Nogueira da
2011

The aim of this talk is text summarizing the current debate about the role of the Brazilian economy in the global context, particularly if Brazil can prevent the risk of facing the so-called 'Dutch disease'. There is ...

Global imbalances, empowered finance, and neoclassical mechanism designs: consequences for global-south development strategy

Dymski, Gary
2011-09

The global economy is at a flex-point that would have been unimaginable just a decade ago. The economies of the global-North are, almost without exception, floundering in recessionary conditions without the political will ...

The decoupling of economic growth in world economy in the last decade and development strategies

Medeiros, Carlos Aguiar de
2011-15

A new stylized fact occurred in the last decade: the contribution of China and other developing countries to the global GDP was bigger than that explained by the US and other industrialized countries (Arceo; Urturi, 2010). ...