Economia
Estava a ler este interessante discurso de Janet Yellen da Reserva Federal sobre o sistema monetário financeiro internacional onde defende uma evolução para um "international monetary system characterized by more-flexible exchange rates, open capital accounts, and independent monetary policies that will facilitate the adjustment of global imbalances" ao mesmo tempo que reconhece que "For countries [China] with undervalued currencies, the adoption of more-flexible exchange rates requires an internal shift in resources across sectors--a transition that takes time", e não pude deixar de notar que algumas das frases sobre a crise financeira internacional:
- Análise Do Fmi Sobre A Economia Dos Eua
O FMI divulgou ontem a sua análise sobre a economia dos EUA: "The U.S. economy continues to recover from its worst financial crisis since the Great Depression, aided by supportive macroeconomic policies. Monetary policy remains highly accommodative,...
- Repeteco (agora Com A Turquia)
TURKEY’S BRAZIL'S ruling Justice and Development (AK) Workers' Party (PT) party is expected to win won a third term of single-party rule at next month’s last year's election, even though some voters fret about its autocratic ways....
- O Modelo Sueco
The Swedish model for economic recovery Sweden was the world’s third-richest country in 1968 but became a massive welfare state in the 1970s and 1980s and a prototype for how not to run an economy. It slid to No. 17 in the global income rankings...
- Metas Da Inflação
Inflation Targeting Hits the WallMises Daily:Wednesday, February 01, 2012 by Antony P. MuellerThe financial-market crisis is not over but has grown into a vicious sovereign-debt crisis. Nevertheless, monetary policy makers of the major economies go on...
- As Orígens Da Crise
John B. Taylor identifica a política monetária excessiva como a causa da crise:"... Monetary excesses were the main cause of the boom. The Fed held its target interest rate, especially in 2003-2005, well below known monetary guidelines that say what...
Economia
Não é apenas coincidência...
Estava a ler este interessante discurso de Janet Yellen da Reserva Federal sobre o sistema monetário financeiro internacional onde defende uma evolução para um "international monetary system characterized by more-flexible exchange rates, open capital accounts, and independent monetary policies that will facilitate the adjustment of global imbalances" ao mesmo tempo que reconhece que "For countries [China] with undervalued currencies, the adoption of more-flexible exchange rates requires an internal shift in resources across sectors--a transition that takes time", e não pude deixar de notar que algumas das frases sobre a crise financeira internacional:
"I would apportion responsibility to inadequacies in both the monetary and financial systems. With respect to the international monetary system, the basic story is now quite familiar: Strong capital outflows from countries with chronic current account surpluses--in part reflecting heavily managed exchange rates, reserve accumulation, and other shortcomings in the operation of the international monetary system--put downward pressure on real interest rates, in turn boosting asset prices (particularly for housing) and enhancing the availability of credit. These developments contributed significantly to the buildup of financial imbalances, but they were not, on their own, sufficient to have engendered the massive financial crisis we experienced.
Had the additional domestic credit associated with these capital inflows been used effectively, the imbalances need not have led to financial ruin. In the United States and other countries with current account deficits, however, borrowing too often supported excessive spending on housing and consumption, rather than financing productive investment (...)"poderiam, com algumas pequenas alterações, ser utilizadas para descrever o que se passou em Portugal desde a segunda metade da década de 90. E não é apenas coincidência.
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- Análise Do Fmi Sobre A Economia Dos Eua
O FMI divulgou ontem a sua análise sobre a economia dos EUA: "The U.S. economy continues to recover from its worst financial crisis since the Great Depression, aided by supportive macroeconomic policies. Monetary policy remains highly accommodative,...
- Repeteco (agora Com A Turquia)
TURKEY’S BRAZIL'S ruling Justice and Development (AK) Workers' Party (PT) party is expected to win won a third term of single-party rule at next month’s last year's election, even though some voters fret about its autocratic ways....
- O Modelo Sueco
The Swedish model for economic recovery Sweden was the world’s third-richest country in 1968 but became a massive welfare state in the 1970s and 1980s and a prototype for how not to run an economy. It slid to No. 17 in the global income rankings...
- Metas Da Inflação
Inflation Targeting Hits the WallMises Daily:Wednesday, February 01, 2012 by Antony P. MuellerThe financial-market crisis is not over but has grown into a vicious sovereign-debt crisis. Nevertheless, monetary policy makers of the major economies go on...
- As Orígens Da Crise
John B. Taylor identifica a política monetária excessiva como a causa da crise:"... Monetary excesses were the main cause of the boom. The Fed held its target interest rate, especially in 2003-2005, well below known monetary guidelines that say what...