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Do ouro imóvel ao dólar flexível

Author

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  • Serrano, Franklin

Abstract

In this paper we discuss some essential features of the balance of payments position of the country which issues the key currency in different international monetary standards. The analysis is made from a Sraffian standpoint, where the monetary rate of interest of the central country is seen as an independent policy variable, institutionally determined. This brief and schematic analysis of the theories and experiences of the international monetary standards shall allow us to reach the prime aim of this work, which is that of providing a simple but sufficiently precise characterization of the current international monetary standard, that we shall call the ?floating dollar standard?.

Suggested Citation

  • Serrano, Franklin, 2002. "Do ouro imóvel ao dólar flexível," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 19, pages 1-17, January.
    • Handle: RePEc:euc:ancoec:v:19:y:2002:p:237-253
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    More about this item

    Keywords

    International monetary system; Floating dollar standard; Exogenous rate of interest.;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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