Listagem FGV EESP - CND - Papers por data do documento
Itens para a visualização no momento 1-20 of 49
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The revenge of the market on the rentiers why neo-liberal reports of the end of history turned out to be premature
2009-07Starting from the perspective of heterodox Keynesian-Minskyian-Kindlebergian financial economics, this paper begins by highlighting a number of mechanisms that contributed to the current financial crisis. These include ... -
Global economic prospects and the developing world
2010The Great Recession had strong though quite diverse effects on the developing and transition economies. One channel of transmission was through falling remittances, which impacted several, mostly small countries heavily ... -
The relevance of money for economic development
2010-05-20Why 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 ... -
Financial stability reggulation in Brazil (1998-2008)
2011A useful starting point for this discussion may be the acknowledgment of some key features of the Brazilian Financial System (BFS): i. The BFS is a bank-based system, led by financial conglomerates organized around large ... -
Exchange rate management techniques
2011This briefing note addresses the question: What revisions of financial regulation and financial governance in Brazil are necessary to support Brazilian development? What’s in place and what’s missing? The focus here is a ... -
Structured derivatives contracts, hedging exchange appreciation and financial instability: Brail, China and Korea
2011There has been a great deal of discussion recently over the use of exchange rates to ameliorate international imbalances. At the same time many developed countries have embarked a highly expansionary monetary policies, ... -
From old to new developmentalism in Latin America
2011From the 1930s or, at least, from the 1950s, Latin American countries adopted a successful national development strategy, namely, national developmentalism, based on development economics and Latin-American structuralist ... -
How the full opening of the capital account to highly liquid financial markets led Latin America to two and a half cycles of ‘mania, panic and crash’
2011Latin America has recently experienced three cycles of capital inflows, the first two ending in major financial crises. The first took place between 1973 and the 1982 ‘debt-crisis’. The second took place between the 1989 ... -
Homogeneous middles vs. heterogeneous tails, and the end of the ‘Inverted-U’: the share of the rich is what it’s all about
2011This paper examines the current global scene of distributional disparities within-nations. There are six main conclusions. First, about 80 per cent of the world’s population now live in regions whose median country has a ... -
The capital flow conundrum: and a solution
2011Capital 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 ... -
Balance of payments dominance: its implications for macroeconomic policy
2011This paper defines 'balance of payments dominance' as a macroeconomic regime in which the short-term macroeconomic dynamics is essentially determined by external shocks, positive or negative. It argues that this is the ... -
Reregulating finance after the crisis
2011It has been more than four years since the onset of the financial crisis and the accompanying Great Recession in the US and much of the developed world. Over that period, and after many rounds of intervention by governments ... -
Notes on cyclical tendency to the overvaluation of the real
2011This note addresses the question 'To what extent financial regulation in Brazil was effective in neutralizing the tendency to the overvaluation of the exchange rate in Brazil since the 1994 Real Plan?' Aiming at answering ... -
Neutralizing the Dutch disease
2011The 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 ... -
A note on Brazilian financial regulation and governance
2011The question posed by Theme 4 of this workshop is indeed a very broad one and would demand a thorough research on the topics involved. I am afraid I did not have the proper time to think it over and I would not be able to ... -
A grande recessão: oportunidade para o Brasil alcançar os países desenvolvidos
2011A crise financeira do subprime e o colapso do sistema financeiro, com a quebra do Lehman Brothers no terceiro trimestre de 2008, desencadeou um fenômeno com múltiplas dimensões e distinto da crise financeira em si, chamado ... -
Lessons we learned from the global financial crisis: a minskian interpretation of the causes, the fed's bail-out, and the future
2011This 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 ... -
Brazil’s response to the international financial crisis: how did financial regulation and monetary policy influence the Brazil’s economic recovery?
2011In the beginning of the international financial crisis, the fact that the international crisis was restricted to the developed countries, and the emerging countries’ fiscal and external situation was comfortable, led a ... -
Dreaming of overcoming the 'impossible trinity': towards a long-term 'optimal' real exchange rate for assuring economic development
2011Well documented in economic literature, the choice between alternative exchange rate regimes involves a trade-off between the advantages of a fixed exchange rate and a floating exchange rate regime. The former warrants the ... -
Exchange-rate derivatives, financial fragility and monetary policy in Brazil during the world financial crisis
2011The crisis of subprime mortgages in the United States, started in mid-2007 and intensified in the last months of 2008, after the bankruptcy of Lehman Brothers, put an end to that internationally favorable situation the ...
