Notes on money, debt and alternative monetary regimes for Brazil

Vol. 15 No. 4 (1995)

Oct-Dec / 1995
Published October 1, 1995
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How to Cite

Lal, Deepak. 1995. “Notes on Money, Debt and Alternative Monetary Regimes for Brazil”. Brazilian Journal of Political Economy 15 (4). https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1259.

Notes on money, debt and alternative monetary regimes for Brazil

Deepak Lal
Brazilian Journal of Political Economy, Vol. 15 No. 4 (1995), Oct-Dec / 1995, Pages

Abstract

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