Economia
Para ler nas horas de folga...
Mais um "policy analysis" para minhas horas de folga (se é que elas ainda existem...): Replacing Potemkin Capitalism: Russia's Need for a Free-Market Financial System.
Trecho:
On August 17, 1998, Russia devalued the ruble and stopped payment on its government debt, creating a financial crisis that continues today. Some observers have blamed the financial crisis, and the poor performance of the Russian economy generally, on government policies that they claim are rigidly laissez faire. However, a closer look at the Russian financial system reveals that it remains fundamentally socialist, though it has superficial capitalist features.
Attempts to preserve the value of the ruble and to prop up Russia's ailing banking system are misguided. The ruble is a currency of socialism; the government uses it as a tool for making forced transfers of wealth from the Russian people to inefficient enterprises that are holdovers from the socialist era. Russian banks likewise have been mainly vehicles for subsidizing enterprises.
Russia needs a genuinely capitalist monetary system. The system should have two pillars: the U.S. dollar, Russia's de facto free-enterprise money, and sound banks. Foreign banks should be allowed to compete on equal terms with Russian banks. The central bank should be eliminated, and with it the privileged access of some Russian banks to the resources of the Russian government. Similar reforms have been implemented at least in part in other former socialist countries with good results. In addition to fostering economic growth, the reforms have been politically popular. The U.S. government and international institutions should learn from the experience of those countries and stop supporting Russia's current monetary institutions.
- E Se "salvar" Os Bancos Não For Suficiente ?
(Re)lendo o relatório do FMI (Global Financial Stability Report) notei (pag. 24) que do 1,4 milhões de milhões de dólares de estimativas de perdas "apenas" 725-820 mil milhões (ou seja cerca de 55%) afectam os balanços dos bancos. Do restante, 150-250...
- Guerra Cambial Entra Nova Fase
RUSSIA Now Fully Commited With Rest of BRICS To DESTROY Reserve Currency Status Of DOLLAR The status of the US dollar as the world reserve currency gives the US a number of advantages over other countries. The world’s most important commodities...
- A Grande Estagnaçaõ - A Bomba Da Dívida
Betting with Trillions Prison of Debt Paralyzes West By Cordt Schnibben Be it the United States or the European Union, most Western countries are so highly indebted today that the markets have a greater say in their policies than the people. Why...
- Basileia Iii - Regulamentação Do Capital No Setor Bancário
July 29, 2011 Policy Analysis no. 681 Capital Inadequacies: The Dismal Failure of the Basel Regime of Bank Capital Regulation The Basel regime is an international system of capital adequacy regulation designed to strengthen banks' financial health...
- Moeda E O Estado Nacional - O Papel De Instituições Monetárias Em Provocar Crises
MONEY AND THE NATION STATE The Financial Revolution, Government and the World Monetary System Edited by Kevin Dowd, Richard H. Timberlake, Jr. Foreword by Merton H. Miller Are monetary and banking problems due to a few misguided policies or incompetent...
Economia
Para ler nas horas de folga...
Mais um "policy analysis" para minhas horas de folga (se é que elas ainda existem...): Replacing Potemkin Capitalism: Russia's Need for a Free-Market Financial System.
Trecho:
On August 17, 1998, Russia devalued the ruble and stopped payment on its government debt, creating a financial crisis that continues today. Some observers have blamed the financial crisis, and the poor performance of the Russian economy generally, on government policies that they claim are rigidly laissez faire. However, a closer look at the Russian financial system reveals that it remains fundamentally socialist, though it has superficial capitalist features.
Attempts to preserve the value of the ruble and to prop up Russia's ailing banking system are misguided. The ruble is a currency of socialism; the government uses it as a tool for making forced transfers of wealth from the Russian people to inefficient enterprises that are holdovers from the socialist era. Russian banks likewise have been mainly vehicles for subsidizing enterprises.
Russia needs a genuinely capitalist monetary system. The system should have two pillars: the U.S. dollar, Russia's de facto free-enterprise money, and sound banks. Foreign banks should be allowed to compete on equal terms with Russian banks. The central bank should be eliminated, and with it the privileged access of some Russian banks to the resources of the Russian government. Similar reforms have been implemented at least in part in other former socialist countries with good results. In addition to fostering economic growth, the reforms have been politically popular. The U.S. government and international institutions should learn from the experience of those countries and stop supporting Russia's current monetary institutions.
loading...
- E Se "salvar" Os Bancos Não For Suficiente ?
(Re)lendo o relatório do FMI (Global Financial Stability Report) notei (pag. 24) que do 1,4 milhões de milhões de dólares de estimativas de perdas "apenas" 725-820 mil milhões (ou seja cerca de 55%) afectam os balanços dos bancos. Do restante, 150-250...
- Guerra Cambial Entra Nova Fase
RUSSIA Now Fully Commited With Rest of BRICS To DESTROY Reserve Currency Status Of DOLLAR The status of the US dollar as the world reserve currency gives the US a number of advantages over other countries. The world’s most important commodities...
- A Grande Estagnaçaõ - A Bomba Da Dívida
Betting with Trillions Prison of Debt Paralyzes West By Cordt Schnibben Be it the United States or the European Union, most Western countries are so highly indebted today that the markets have a greater say in their policies than the people. Why...
- Basileia Iii - Regulamentação Do Capital No Setor Bancário
July 29, 2011 Policy Analysis no. 681 Capital Inadequacies: The Dismal Failure of the Basel Regime of Bank Capital Regulation The Basel regime is an international system of capital adequacy regulation designed to strengthen banks' financial health...
- Moeda E O Estado Nacional - O Papel De Instituições Monetárias Em Provocar Crises
MONEY AND THE NATION STATE The Financial Revolution, Government and the World Monetary System Edited by Kevin Dowd, Richard H. Timberlake, Jr. Foreword by Merton H. Miller Are monetary and banking problems due to a few misguided policies or incompetent...