This paper aims at analyzing the scope of Brazilian monetary policies in the context of endogenous money, instability, and capital mobility. It starts with the post Keynesian critique to the mainstream, and concludes with the impotence of the Central Bank to achieve stability of prices in Brazil...

The IMF has always supported the free financial flows of capital, based on the concept that they improve economic growth in itself. This perception has debilitated since the global economic crisis beginning in 2007. The purpose of this paper is to analyze the evolution of the IMF’s way of...