Notes on money, debt and alternative monetary regimes for Brazil
This note analyzes, based on a simple model, the contribution of three authors (Rodriguez, Meltzer and Auerheimer) to the debate on inflation in Brazil and ways to overcome it. The hypothesis of adopting a currency board regime, as suggested by the three authors, and its implications for Brazil are discussed in more detail. As an alternative, it is suggested to adopt a monetary regime inspired by Hayek, in which there is competition between private banks for the issue of currency.
Keywords: Money supply monetary regime central bank