The paper analyzes the development of the contemporary globalized financial system as a consequence of the innovations introduced by private markets, but mostly the strategy of the governments, particularly the US. This new global financial system, based on the floating dollar, generated many...

This paper analyzes on a comparative basis the impact of the two major contemporary financial crises in Japan and in the United States. They were both the result of the burst of speculative bubbles that had allowed the high increase in the value of real estate and equity. The abrupt reversal of...

This paper analyzes on a comparative basis the impact of the two major contemporary financial crises in Japan and in the United States. They were both the result of the burst of speculative bubbles that had allowed the high increase in the value of real estate and equity. The abrupt reversal of...

The paper analyzes the development of the contemporary globalized financial system as a consequence of the innovations introduced by private markets, but mostly the strategy of the governments, particularly the US. This new global financial system, based on the floating dollar, generated many...

Herein, the influence of institutions and of social and political preferences upon the design and the implementation of the Brazilian non contributive income cash transfer to the elderly and disabled poor - Benefício de Prestação Continuada (BPC) - is analyzed. The main argument is that...

An essential question about policies that aim to foster socio-economic inclusion and income generation - which is the case of policies that support market access - is their capacity to guarantee a sustainable process of the economic capacities of their beneficiaries. In this study, the Brazilian...

The impact of Programa Bolsa Família in reducing extreme poverty has its roots on the program's precision as well as coverage. Its results are only hindered by the modest values transferred, totaling only 0,5% of the Brazilian GDP in the hands of the poorest quartile. Notwithstanding the...

The Programa Crescer is a sub-program under the Programa Nacional de Microcredito Produtivo Orientado (PNMPO), considered a microcredit policy aimed at low-income formal and informal micro-entrepreneurs, providing credit without collateral and with interest rates subsidized by the Governo...

In this paper we analyze Pesquisa Nacional por Amostra de Domicílios Contínua (PNAD Contínua) microdata from 2012 to 2018 to document how the mid-decade economic recession reversed the trend of pro-poor growth that dated back to the early 2000s. Since the recession, there was a rise in...