Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil

Revista de Administração Pública

Kurt Eberhart Von Mettenheim¹  Maria Fernanda Freire De Lima¹ 

[1] ,EAESP FGV

关键词: monetary policy;    financial inclusion;    savings banks;    Brazil;    política monetária;    inclusão financeira;    bancos de poupança;    Brasil;    política monetaria;    inclusión financiera;    cajas de ahorro;    Brasil;   

DOI  :  10.1590/0034-76121500

来源: SciELO

【 摘 要 】

This article reports evidence of new monetary channels for social inclusion involving basic income policies and the Caixa Econômica Federal, a Brazilian government savings bank. Since the Plano Real (Brazilian currency) and the liberalization of banking in the 1990s, the realization of competitive advantages by the Caixa as social policy agent and the importance of citizenship cards differ from existing theories of bank change, financial inclusion and monetary policy. Multi-method research reveals the importance of 1) political theories of basic income, 2) conceptions of citizenship and social justice, and 3) a back to the future modernization of government banking. This provides alternatives to contemporary market-based banking theory, neo-liberal policies, private and non-governmental microfinance strategies, and theories in political economy about fiscal constraints to social policies. New monetary channels of change also suggest that zero sum theories about politics, monetary authority and social inclusion are amiss.

【 授权许可】

CC BY   
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