Please use this identifier to cite or link to this item: http://repositorio.unicamp.br/jspui/handle/REPOSIP/87634
Type: Artigo
Title: Revelações da crise : moeda fiduciária e as relações tesouro/Banco Central
Title Alternative: Revelations of the crisis: fiat currency and the treasury-central bank relations
Author: Farhi, Maryse
Abstract: The current crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat currency and governmentbonds denominated in it or, in other words, the relationship between Treasury and Central Bank. Two ill-conceived views of the "new consensus" on money that had turned into taboos were put in evidence. The first, derived from the quantitative theory, concerns the rejection of unsterilized monetary expansion; the second, directly related to the neoliberal ideology, prohibits or imposes strict limits on the role of central banks in the financing of public debts.
The current crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat currency and governmentbonds denominated in it or, in other words, the relationship between Treasury and
Subject: Política monetária
Dívidas
Country: Brasil
Editor: Editora 34
Citation: Revista De Economia Politica. Centro De Economia Politica, v. 34, n. 3, p. 396 - 412, 2014.
Rights: aberto
Aberto
Identifier DOI: 10.1590/S0101-31572014000300003
Address: https://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000300003
Date Issue: 2014
Appears in Collections:IE - Artigos e Outros Documentos

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