El artículo trata la distribución de papel moneda de curso legal en Brasil. Explica la función del dinero y describe el sistema financiero brasileño. Presenta y analiza el marco reglamentario brasileño para la custodia del medio circulante, incluso Resolución no. 3.322, Reglamento anexo a la Circular no. 3.298, de 1º de noviembre de 2005, que trata de la Custodia de Numerario del Banco Central de Brasil y Carta Circular 3.214.
*MONEY supply, *FOREIGN exchange, *BALANCE of payments, *ECONOMIC activity, *INTERNATIONAL finance, *MONETARY policy, *CENTRAL banking industry personnel
Abstract
The article presents a speech by Michael Howard of the Central Bank of Barbados during the XV Meeting of Central Bank Governors of the American Continent on April 10-11, 1978. He discusses the case of Barbados and control of the money stock in an open economy, which is normally controlled and determined by the balance of payment, economic activity, and asset preferences. The objective of the paper is to discuss the inability of the Barbadian Central Bank to accurately regulate the money stock due to foreign exchange receipts and the fiscal deficit that are out of its control. The paper also focuses in on the effects that real sector activity have on a central bank.
Published
1978
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