Brazil : an economy caught in a financial trap (1993-2003)
By: MEDIALDEA, Bibiana
.
Material type: 
ArticlePublisher: São Paulo : Editora 34, jul./set. 2013Subject(s): Financiamento | Aspecto Histórico | Brasil | BrasilOnline resources: Acesso Revista de Economia Política = Brazilian Journal of Political Economy 33, 3, p. 427-445Abstract: In the early 1990s, Brazil entered a financialized economic dynamic in which short-term financial valorization generated by the issuing of guaranteed public debt overshadowed the entire economy. This article analyzes Brazilian economic processes between 1993 and 2003, in particular the bi-directional relationship with external vulnerability, erratic international financing behavior and how State actions to obtain and maintain these resources fostered financialization. As a result, the entire economy became enmeshed in a self-perpetuating trap in which financial activity was predominant over economic activity
In the early 1990s, Brazil entered a financialized economic dynamic in which short-term financial valorization generated by the issuing of guaranteed public debt overshadowed the entire economy. This article analyzes Brazilian economic processes between 1993 and 2003, in particular the bi-directional relationship with external vulnerability, erratic international financing behavior and how State actions to obtain and maintain these resources fostered financialization. As a result, the entire economy became enmeshed in a self-perpetuating trap in which financial activity was predominant over economic activity
v. 33, n. 3(132)
Click on an image to view it in the image viewer
There are no comments for this item.