000			01848naa a2200205uu 4500
001			8031015483619
003			OSt
005			20190212110519.0
008			080310s1993 bl ||||gr |0|| 0 por d
100	1		_aCARVALHO, Carlos Eduardo _91923
245	1	0	_aLiquidez dos haveres financeiros e zeragem automática do mercado
260			_aSão Paulo : _bNobel , _cjan./mar. 1993
520	3		_aThis article stresses the pertinence of the concepts of indexed money, as well as of excessive liquidity of financial assets, for the analysis of stabilization programs in Brazil. Thc author criticizes the analysis of A. C. Pastore, who stresses the problems associated to the so-called “zeragem automática” (the automatic financing of financial institutions’ overnight positions by the Brazilian Central Bank throughout the eighties). It is argued here that the “run” of investors away from certain financial assets should be understood as increases in the number of transactions rather than merely as a larger demand for cur-rency, since the funds withdrawn return to the banks at once and withdrawals can be made even when undesired by the Central Bank. This article insists on the difficulties brought by combinations of a high amount of quasi-money with fiscal and exchange pressures that are strongly expansionary, including pressures arising from the servicing of the public debt, and suggests that such difficulties may have led the Central Bank to provide automatic financing as mentioned
590			_aRevista de Economia Política 1993
590			_av. 13, n. 1(49)
773	0	8	_tRevista de Economia Política = Brazilian Journal of Political Economy _g13, 1, p. 25-36 _dSão Paulo : Nobel , jan./mar. 1993 _xISSN 01013157 _w
942			_cS
998			_a20080310 _b1548^b _cMariana
998			_a20140220 _b1445^b _ckarina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c25890 _d25890
041			_apor