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Still the century of government savings banks? the Caixa Econômica Federal

Author

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  • Kurt von Mettenheim

Abstract

This article explores general concerns about government banking, social inclusion, and democracy through case study of the Brazilian federal government savings bank (Caixa Econômica Federal). Review of government savings banks in Brazilian history suggests that these institutions have been at the center of domestic political economy, expanding and contracting under a variety of political regimes and economic conditions. Since capitalization to meet central bank and Basel Accord guidelines in 2001, the Caixa has attempted to modernize, continue to serve as agent for government policies, and expand both popular credit and savings and investment banking activities. JEL Classification: E5; G2.

Suggested Citation

  • Kurt von Mettenheim, 2006. "Still the century of government savings banks? the Caixa Econômica Federal," Brazilian Journal of Political Economy, Center of Political Economy, vol. 26(1), pages 39-57.
  • Handle: RePEc:ekm:repojs:v:26:y:2006:i:1:p:39-57:id:589
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/589/587
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    More about this item

    Keywords

    government banks; savings banks; bank policy; Caixa Econômica Federal; Brazilian federal financial institutions;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G2 - Financial Economics - - Financial Institutions and Services

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