Financial reform - general aspects and analysis of the complementary law

CYSNE, RUBENS PENHA

doi:10.1590/0101-31571993-0745

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Articles • Brazil. J. Polit. Econ. 13 (3) • Jul-Sep 1993 • https://doi.org/10.1590/0101-31571993-0745 linkcopy

Financial reform - general aspects and analysis of the complementary law

Authorship SCIMAGO INSTITUTIONS RANKINGS

The Brazilian Constitution enacted in 1988 demands a complementary law to regulate the financial system in Brazil. This paper analyses the existing official project focusing on macroeconomic stabilization and independence of the Central Bank.

KEYWORDS:
Financial system; Central Bank independence; money supply

BALANCETE SIMPLIFICADO DO BANCO CENTRAL
ATIVO	PASSIVO
CSE	Base Monetária
CSP
EBC

TESOURO		RESTO DO MUNDO
ATIVO	PASSIVO	ATIVO	PASSIVO
ΔCruzeiros=X	ΔERM=X	ΔERM=X	Δ(CSP+CSE)=X
		ΔCruzeiros=+X=X=0
BANCO CENTRAL
ATIVO		PASSIVO
Δ(CSP+CSE)=X		Δcruzeiros (Base)=X

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