The financial issue
Abstract
The current crisis of the Brazilian economy follows the same pattern of those it
has been going through since the 1930s when the country started its industrialization, that
is, a relevant structural lack of adjustment of the idle and anti-idle poles. This is the way the
Juglar cycles have been occurring in this economy. This paper aims to investigate how the
financial sector is capable or not to support the overcoming of crisis and how reforming it
would make it easier for the Brazilian economy to become more resilient in face of crisis.
JEL Classification: O40; G10.
Keywords: Crisis industrialization nationalization privatization external debt financial system