Financial Stability And Growth: Perspectives On Financial Regulation And New Developmentalism by Luiz Carlos Bresser-PereiraFinancial Stability And Growth: Perspectives On Financial Regulation And New Developmentalism by Luiz Carlos Bresser-Pereira

Financial Stability And Growth: Perspectives On Financial Regulation And New Developmentalism

EditorLuiz Carlos Bresser-Pereira, Jan Kregel, Leonardo Burlamaqui

Hardcover | February 13, 2014

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The 2008 global financial crisis took the world by surprise, not least because politicians, businessmen and economists believed that they had learned crucial lessons from the Great Depression of the 1930s. As a direct result of deregulated financial markets, financial crises occurred in both developed and developing economies. However, this volume argues that in the most recent crisis developing countries suffered less, and that financial policy and regulation played a crucial part in this.

The contributors to this volume explore the alternative development paradigm that has been gaining credence since the Asian crisis, known as new developmentalism. New developmentalism is embodied in the following principles: exchange rate responsibility or growth with domestic savings, fiscal responsibility, and the assignment of a strategic role for the state. New developmentalism is a set of values, ideas, institutions and economic policies through which, in the early 21st century, developing countries have sought to catch up with developed countries. This book examines the global financial crisis, the financial regulatory problem, with particular emphasis on Brazil, and the alternative policies that derive from new developmentalism.

This volume will be of interest to scholars and policymakers working in the areas of globalization, financial regulation and development studies.

Luiz Carlos Bresser-Pereirais Emeritus Professor at the Getulio Vargas Foundation, Brazil.Jan Kregelis Senior Scholar at the Levy Economics Institute of Bard College, USA.Leonardo Burlamaquiis Senior Program Officer at the Ford Foundation and Associate Professor of Economics at the Rio de Janeiro State University, Brazil.
Title:Financial Stability And Growth: Perspectives On Financial Regulation And New DevelopmentalismFormat:HardcoverDimensions:360 pages, 9.41 × 7.24 × 0.98 inPublished:February 13, 2014Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:041572452X

ISBN - 13:9780415724524


Table of Contents

IntroductionLuiz Carlos Bresser-Pereira, Jan Kregel and Leonardo Burlamaqui  Part I: Lessons  1. Competitive Exchange Rates and Macroeconomic TheoryHeiner Flassbeck  2. Capital Account Regulations: Role, effectiveness and the IMF's institutional viewJos'ntonio Ocampo and Bilge Erten  3. How to Manage a Sustainable and Stable Competitive Real Exchange RateRoberto Frenkel 4. A Theoretical Framework for New DevelopmentalismLuiz Carlos Bresser-Pereira, Jos'uis Oreiro and Nelson Marconi 5. What We Learned from the Financial Crises of 2009 in Emerging CountriesRobert Boyer  6. The New DevelopmentalismLuiz Carlos Bresser-Pereira7. Europe's Financial CrisisThomas I. Palley Part II: Re-regulating Finance  8. Lessons We Learned from the Global Financial Crisis: A Minskian interpretation of the causes, the Fed's bailout, and the future L.Randall Wray 9. Regulating the Financial System from a Minskian PerspectiveJan Kregel 10. Reregulating Finance after the CrisisC. P. Chandrasekhar 11. Exchange Rate Management TechniquesDaniela Magalh' Prates 12. Financial Regulation and GovernanceFernando de Holanda Barbosa Part III: Brazil and the Crisis  13. Financial Regulation and the Brazilian Response to the 2008'2009 Financial CrisisNelson Barbosa  14. Lessons from the 2008 CrisisFernando J. Cardim de Carvalho and Francisco E. Pires de Souza  15. The Brazilian Experience in Managing the Interest'Exchange Rate NexusRicardo Carneiro and Pedro Rossi 16. Macroeconomic Constraints on the Growth of Brazil's EconomyJos'uis Oreiro 17. Overcoming the 'Impossible Trinity'Andr'assif 18. How to Evaluate Financial Regulation of BrazilDaniela Magalh' Prates Part IV: Regulating Brazilian Finance 19. Economic Development and the Functionality of the Financial System in Brazil: A Keynesian approachJennifer Hermann and Luiz Fernando de Paula  20. The Brazilian Experience of Prudential Regulation and its Impact on the 2008 Financial CrisisRog'o Sobreira 21. Brazil's Response to the Financial Crisis: How did financial regulation and monetary policy influence the Brazilian economic recovery?Fernando Ferrari Filho  22. Financial Liberalization, Capital Account Regulation and Economic Policy in BrazilLuiz Fernando de Paula 23. Ten Theses on New Developmentalism