Revelações da crise: moeda fiduciária e as relações Tesouro/Banco Central

Revista de Economia Política

Maryse Farhi¹ 

[1] ,Unicamp Instituto de Economia

关键词: monetary policy;    quantitative easing;    debt monetization;   

DOI  :  10.1590/S0101-31572014000300003

来源: SciELO

【 摘 要 】

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 government bonds 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.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License