The objective of this article is to present the economic theory of capital controls, that is, the theoretical arguments that favor the introduction of capital controls. In this setting we will argue that economic theory have three main arguments for the introduction of capital controls: to...

This paper argues that the Brazilian economy went recently through a process of accelerated growth driven by exports and fixed capital formation. Although the pace of growth was more robust than in the 1990 decade, we can still see the presence of macroeconomic constraints to its continuation in...