Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance
The Central Bank in Brazil is an autarky of the federal government that has a monopoly on currency issuance. In most developed countries the central bank is privately owned. But in Brazil and other countries with late development the central bank is public. However, public central banks operate much...
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2015
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| Source: | Revista chilena de derecho y ciencia política, ISSN 0718-9389, Vol. 6, Nº. 2, 2015, pags. 19-19 |
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dialnet-ar-18-ART00009673232022-03-12Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuancePérez Bernardes de Moraes, ThiagoDerechoCiencia Politicaeconomia PolíticaCentral Bank of BrazilLegal SupportPublic DebtMonetary PolicyThe Central Bank in Brazil is an autarky of the federal government that has a monopoly on currency issuance. In most developed countries the central bank is privately owned. But in Brazil and other countries with late development the central bank is public. However, public central banks operate much the same way that private banks do, in particular as regards the currency issuance that, through legal artifices, is a private monopoly in most of the world. This study aims to analyze this public and private dichotomy, from the analysis of the legal protection of the currency issue in Brazil. At this point we conclude that there is evidence that indicates that the degree of independence that the Central Bank of Brazil acquired is related to pressures from economic elites (who benefit from public debt bonds) on political elites.2015text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=5492112(Revista) ISSN 0718-9389Revista chilena de derecho y ciencia política, ISSN 0718-9389, Vol. 6, Nº. 2, 2015, pags. 19-19engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI
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Revista chilena de derecho y ciencia política, ISSN 0718-9389, Vol. 6, Nº. 2, 2015, pags. 19-19
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Ciencia Politica economia Política Central Bank of Brazil Legal Support Public Debt Monetary Policy |
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Ciencia Politica economia Política Central Bank of Brazil Legal Support Public Debt Monetary Policy Pérez Bernardes de Moraes, Thiago Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance |
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The Central Bank in Brazil is an autarky of the federal government that has a monopoly on currency issuance. In most developed countries the central bank is privately owned. But in Brazil and other countries with late development the central bank is public. However, public central banks operate much the same way that private banks do, in particular as regards the currency issuance that, through legal artifices, is a private monopoly in most of the world. This study aims to analyze this public and private dichotomy, from the analysis of the legal protection of the currency issue in Brazil. At this point we conclude that there is evidence that indicates that the degree of independence that the Central Bank of Brazil acquired is related to pressures from economic elites (who benefit from public debt bonds) on political elites.
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| format |
Article
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| author |
Pérez Bernardes de Moraes, Thiago
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| author_facet |
Pérez Bernardes de Moraes, Thiago
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| author_sort |
Pérez Bernardes de Moraes, Thiago
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| title |
Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance
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| title_short |
Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance
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| title_full |
Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance
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| title_fullStr |
Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance
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| title_full_unstemmed |
Central Bank of Brazil: Public or Private? The ambivalence of the Central Bank of Brazil and the ballast for currency issuance
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| title_sort |
central bank of brazil: public or private? the ambivalence of the central bank of brazil and the ballast for currency issuance
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| publishDate |
2015
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| url |
https://dialnet.unirioja.es/servlet/oaiart?codigo=5492112
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| _version_ |
1727220319150669824
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