Dados es una de las principales publicaciones de ciencias sociales en América Latina. Creada en 1966, publica trabajos inéditos e innovadores, procedentes de investigaciones académicas, de autores brasileños y extranjeros. Editada por IESP-UERJ, tiene como objetivo conciliar el rigor científico y la excelencia académica con un énfasis en el debate público basado en el análisis de temas sustantivos en la sociedad y la política.
Dados vol. 53 n. 4 Rio de Janeiro 2010
Resumen
The article discusses the autonomy of Brazil's Central Bank and its potential relationship to the national currency's stability. Beyond the government budget balance and the Central Bank's autonomy, we seek to demonstrate that the currency's stability also depends on the Bank's own political and institutional stability. Due to a gap in the literature, which has focused little attention on the political conditions and economic motivation by which important steps were taken towards achieving autonomy, we analyze the relations between autonomy and stability from a historical-institutional perspective. We call attention to the cyclical nature of the Brazilian economy, which alternates developmentalist policies and stabilization policies and thereby alters the Central Bank's role and degree of autonomy.
Palabras-clave: Brazil; policy; economy; Central Bank; autonomy.
DOI: 10.1590/S0011-52582010000400005
Instituições fortes, moeda estável e Banco Central do Brasil autônomo
Português do Brasil
English