Financial Stability and New Developmentalism in Brazil

Description: The most general objective of this project is to discuss how to achieve economic growth in a context of global financial instability through the adoption of a new national-developmentalist strategy. Specifically, the three main objectives are: (1) analyze the global financial crisis, (2) identify the key characteristics of repeated financial crises in Latin America in the recent past, and (3) discuss policy recommendations associated with a national development strategy to ensure growth with stability. Phase 1 of the project resulted in the production of the Ten Theses on the New Developmentalism. Phase 2 focused primarily on the role of governance and financial regulation in promoting a competitive exchange rate to support a development strategy in Brazil. In both workshops, special attention was given to two sources of instability in developing countries: a source macroeconomic, which corresponds to an exchange rate that tends to overvalue a result of Dutch disease and a high real interest rate to attract capital flows and a microeconomic supply, insufficient regulation of the financial sector. Phase 3 was an attempt to summarize and conclude the previous workshops by organizing a public conference and the production and editing of a book.
 
Status: Completed;
 
Nature: Search.
 
Period: 2010 - 2012
 
Students involved: Graduates: Daniel Barbosa Fejgelman and Roberto de Andrade Barbosa Aragon / PhD: Marcos Aurélio Rocha Andrade.
 
Members: Luiz Carlos Bresser-Pereira - Coordinator / Leonardo Burlamaqui - Coordinator / Jan Kregel - Coordinator / Nelson Marconi - Co-ordinator.

 

Portal FGVENG

Ensino

Acompanhe na rede