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Research . 2018
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Estados e mercados na crise financeira

Authors: Farhi, Maryse;

Estados e mercados na crise financeira

Abstract

The recent financial crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat money and government bonds denominated in it that imply a strong relationship between Treasury and Central Bank. Two ill-conceived views of the "new consensus" on money that had turned into taboos were also put in evidence. The first, derived from the quantitative theory of money, concerns the rejection of unsterilized monetary expansion; the second, directly related to the neoliberal ideology, prohibits or imposes strict limits on the role of central banks in the financing of public debts.

Keywords

E580, ddc:330, financial crisis, quantitative easing, monetary policy, financial markets, debt monetization

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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