Brazil has one of the world’s fastest growing economies and a fascinating history underpinning its evolution. This book presents an analysis of the state’s role in monetary policy, from the latter days of Portuguese rule, to the present day. Based on a variety of unknown archival sources, this study offers an alternative explanation for the rise and fall of Brazilian currencies.
Monetary statecraft is a theory that accounts for the open ended, autonomous character of politics, the complex, recursive phases of public policy, and political development in the traditional sense of social inclusion. Unfortunately, there are few precedents for this type of analysis. This book fills this gap by tracing how Brazilian policy makers and observers have sought, experimented with, and reflected on a variety of forms and solutions for monetary policy since 1808.
This book will be of interest to economists, financial historians and those interested in the history and economy of Brazil.
Table of Contents
1. From the Economics of Politics to the Politics of Monetary Statecraft 2. Money, Finance and State Foundation under Monarchy and Empire, 1810–89 3. National Liberalism and Kemmerer Coalitions in the Old Republic, 1889–1930 4. From National Populism to Financial Repression under Military Rule and Transition to Democracy, 1930–93 5. Monetary Statecraft under Price Stability and Democratization, 1994–2012
Kurt Mettenheim is Professor at the Social and Legal Sciences Department, Getulio Vargas Foundation São Paulo Business School, Brazil.