2009
DOI: 10.1590/s0103-40142009000100006
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Abstract: Os problemas financeiros desencadeados a partir de 2007 alcançaram escala internacional e assumiram características que permitem defini-los como uma crise sistêmica do capitalismo financeirizado que em fins de 2008 já atingia 38 anos de existência. Para que uma tragédia econômico-financeira ao estilo de 1929 não se desenvolvesse, apareceu o Big Bank - o Banco Central - de cada país desenvolvido utilizando instrumentos conhecidos com novas características. Ainda que tenha impedido uma grande crise, essa atuação… Show more

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Cited by 16 publications
(13 citation statements)
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“…However, the negative fiscal impact caused by crises and, sometimes, by counter-cyclical operations, leads the market to put pressure on the state in order to balance the fiscal budget, with devastating impacts on society as a whole. In contemporary financialized capitalism, "privatizing profits" in optimistic periods and "socializing losses" during crises become of an extreme nature (Braga, 2009).…”
Section: Financialization As a Systemic Pattern Of Wealthmentioning
confidence: 99%
See 1 more Smart Citation
“…However, the negative fiscal impact caused by crises and, sometimes, by counter-cyclical operations, leads the market to put pressure on the state in order to balance the fiscal budget, with devastating impacts on society as a whole. In contemporary financialized capitalism, "privatizing profits" in optimistic periods and "socializing losses" during crises become of an extreme nature (Braga, 2009).…”
Section: Financialization As a Systemic Pattern Of Wealthmentioning
confidence: 99%
“…"Fictitious" and "real" capital comprise a unique, complex and contradictory totality, and influence each other throughout the business cycle, reflecting the contradictory nature of capital expressed in the permanent tension between expansion, contraction and crisis (Perelman, 1990). These contradictions become more evident and resolve themselves during the crises, only to reappear in the future in a new position, since they are inherent to capitalist economies (Braga, 2009). Capitalism instability is thus reinforced by financialization.…”
Section: ] Financialization Means the Increasing Role Of Financial mentioning
confidence: 99%
“…Desde o século XIX até a Grande Depressão ocorrida nos anos de 1930, do século XX, as desvalorizações comprometiam em larga escala os patrimônios privados com rupturas generalizadas de empresas bancárias, industriais e comerciais, como demonstra Braga (2009 Os instrumentos monetários utilizados pelo FED para tentar reverter a crise de liquidez, como o fornecimento de crédito para os agentes financeiros e as repetitivas reduções das taxas de juros desde agosto de 2007, como relatam Carcanholo et al (2008), não foram capazes de desaquecer a crise. A taxa básica de juros dos Estados Unidos foi reduzida fortemente pelo FED, passando de 6,25%, no mês de agosto de 2007, para 2%, em abril de 2009.…”
Section: Incentivos Recebidos Para Combater a Criseunclassified
“…However, the systemic crisis that struck in the late 2000s imposed fiscal requirements and pushed away the functions of energizing effective demand and productive profits, while economic policies became essential vectors for the macroeconomic reproduction of financial wealth 33 . Therefore, gains in access to (and use of) health care provided by the SUS were not limited to the growth of the private sector, a process that included competition for public human and financial resources 34 .…”
Section: Brazilian Corporate Groups In the Finance-dominated Accumulamentioning
confidence: 99%