Economia
- Anais Da Idiocracia: Bancos Centrais Assassinos!
Olha essa pérola, de um tal Subhendu Das da Califórnia: Central Bank – the Root Cause of Poverty, Tax, and Deficit (link) In each country the central bank is a privately owned bank with no transparency and accountability to the government of that...
- Cristina Terra: Finanças Internacionais E Macroeconomia Da Economia Aberta
Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies 1st Edition Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policiespresents a macroeconomic...
- Banco Central Do Brasil Compra Ouro
The IMF reported Wednesday that the Banco Central do Brasil has increased its gold holdings for the second straight month, to the highest level in 11 years, as Latin America’s biggest economy looks to diversify its vast international reserves. Brazil’s...
- Bndes, O Real E A Política Monetária E Fiscal Do Brasil
"... A five-week rally in the Brazilian real is limiting President Luiz Inacio Lula da Silva’s efforts to make the country’s exports more competitive in international markets. Lula himself is partly to blame, according to Harvard University Professor...
- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...
Economia
Setor financeiro e a economia
THE ECONOMIST
What's wrong with finance
In this year’s presidential address to the American Financial Association, Luigi Zingales asked “Does Finance Benefit Society?”. He concluded that “at the current state of knowledge there is no theoretical reason to support the notion that all the growth of the financial sector in the last 40 years has been beneficial to society”. And a recent paper from the Bank of International Settlements, the central bankers’ central bank, concluded that “the level of financial development is good only up to a point, after which it becomes a drag on growth”.
Note that these objections are not the same as the argument, familiar from the crisis, that individual banks are too big to fail (or TBTF). This approach is more akin to the idea of the “resource curse” that economies with an excessive exposure to a commodity, such as oil, may become imbalanced. Just as the easy money from drilling for oil may make an economy slow to develop alternative business sectors, the easy money from trading in assets, and lending against property, may distort a developed economy.
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- Anais Da Idiocracia: Bancos Centrais Assassinos!
Olha essa pérola, de um tal Subhendu Das da Califórnia: Central Bank – the Root Cause of Poverty, Tax, and Deficit (link) In each country the central bank is a privately owned bank with no transparency and accountability to the government of that...
- Cristina Terra: Finanças Internacionais E Macroeconomia Da Economia Aberta
Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policies 1st Edition Principles of International Finance and Open Economy Macroeconomics: Theories, Applications, and Policiespresents a macroeconomic...
- Banco Central Do Brasil Compra Ouro
The IMF reported Wednesday that the Banco Central do Brasil has increased its gold holdings for the second straight month, to the highest level in 11 years, as Latin America’s biggest economy looks to diversify its vast international reserves. Brazil’s...
- Bndes, O Real E A Política Monetária E Fiscal Do Brasil
"... A five-week rally in the Brazilian real is limiting President Luiz Inacio Lula da Silva’s efforts to make the country’s exports more competitive in international markets. Lula himself is partly to blame, according to Harvard University Professor...
- Ultimatum Para O Dólar
China encontra suporte de Brasil e Rússia para desafiar a posição do dólar como moeda de reserva internacional: "...There's a new power in international finance: Zhou Xiaochuan, governor of the People's Bank of China, the $2 trillion central...