This article develops a critical view of the conventional currency crises models from a Post Keynesian perspective. Besides, it also presents a Post Keynesian proposal to reform the international monetary system, based on Keynes's ideas and Davidson's works.

First paragraph: In a paper presented at the 8th Annual Conference of the Brazilian Society for Political Economy, in June 2003, Victoria Chick (2004: 3) wrote: »There are many pleasures attached to being in Brazil, but one of the chief intellectual pleasures is that Brazil is still a centre of...

Academic discussion of Brazil's economic growth is currently framed in terms of export-led growth and wage-led growth, identified, respectively, with the new- developmentalism and the social-developmentalism approaches. This article presents a Keynesian–Institutionalist proposal to the...

This article shows, in a chronological time, how the Keynesian revolutionary conceptions and theoretical proposals were developed in the main Keynes`s works.

Considering one of the Keynesian proposals about the international monetary system, more specifically the International Clearing Union, this article argues that, despite the fact that in Keynes`s analysis money is not neutral, Keynesian proposals related to the role of the international...

What we show is this article is that there is a link between Post- Keynesian theory and Institutional Economy. This link can help us (i) to understand the instability of the monetary economies and (ii) to oberve the relevance of the institutions in the coordenation process of the monetary economies.