文章基本信息

标题：Revelações da crise: moeda fiduciária e as relações Tesouro/Banco Central
其他标题：Revelations of the crisis: fiat currency and the Treasury-Central Bank relations
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作者：Farhi, Maryse
期刊名称：Revista de Economia Política
印刷版ISSN：0101-3157
电子版ISSN：1809-4538
出版年度：2014
卷号：34
期号：3
页码：396-412
DOI：10.1590/S0101-31572014000300003
出版社：Centro de Economia Política
摘要：The current crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat currency and government bonds denominated in it or, in other words, the relationship between Treasury and Central Bank. Two ill-conceived views of the "new consensus" on money that had turned into taboos were put in evidence. The first, derived from the quantitative theory, 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.
其他摘要：The current crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat currency and government bonds denominated in it or, in other words, the relationship between Treasury and Central Bank. Two ill-conceived views of the "new consensus" on money that had turned into taboos were put in evidence. The first, derived from the quantitative theory, 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.
其他关键词：monetary policy;quantitative easing;debt monetization