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Estratégias periféricas sessenta anos depois do acordo de Bretton Woods

2006; Editora 34; Volume: 26; Issue: 4 Linguagem: Inglês

10.1590/s0101-31572006000400001

1809-4538

André Moreira Cunha,

State Capitalism and Financial Governance

Peripheral strategies sixty years after the Bretton Woods agreement.After sixty years, the Bretton Woods Agreement continuous to be a reference for the debates concerning institutional organization of the international monetary system.This paper compares some features of the arrangements that have emerged in that context with the recent wave of institutional reforms in the international financial architecture.We explore some arguments suggesting that, in an instable financial environment, is possible to envisage a strong rationality in strategies for emerging economies associated with a more active capital flows and exchange rate management.Apparently, those strategies are not dissimilar to the ones today's advanced countries had used in Bretton Woods Era.