Advanced Search
MyIDEAS: Login

O Banco Central do Brasil: Institucionalidade, Relações com o Estado e com a Sociedade Civil, Autonomia e Controle Democrático

Contents:

Author Info

  • Carlos Eduardo Carvalho
  • Giuliano Contento de Oliveira
  • Marcelo Balloti Monteiro
Registered author(s):

    Abstract

    O artigo discute, à luz da tese da independência do Banco Central do Brasil (BCB) e do processo de formação da autoridade monetária brasileira, a autonomia "de facto" do BCB dentro do Estado e frente à sociedade civil. Embora não seja formalmente independente, em especial por não dispor da prerrogativa exclusiva de conduzir a política monetária, o BCB atua como se dispusesse de plena autonomia jurídica. No exercício dessa autonomia, o BCB muitas vezes ultrapassa os limites legais que deveria observar, sem prestar contas de sua atividade, como ocorreu em diversos episódios recentes. Ademais, o BCB vai além das funções típicas de autoridade monetária e atua como formador de opinião e defensor de ideias e de propostas em áreas como a política econômica e o campo jurídico. Assim, as relações do BCB com o Estado e a sociedade civil constituem uma deficiência do processo democrático brasileiro. The article discusses, based in the theory of Central Bank independence and in the process of formation of the Brazilian monetary authority, the autonomy "de facto" of BCB inside the State and in face to civil society. Although it is not formally independent, for not disposing of the exclusive prerogative to conduct monetary policy, the BCB acts as if it had full juridical autonomy. In the exercise of that autonomy, the BCB often exceeds the legal limits that should be observed without accountability, as occurred in several recent episodes. Furthermore, the BCB transcend the typical functions of monetary authority and acts as opinion leader and defender of ideas and proposals in areas such as economic policy and juridical. Thus, the relations of BCB with the State and civil society constitute an imperfection of the Brazilian democratic process.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ipea.gov.br/portal/images/stories/PDFs/TDs/td_1518.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Instituto de Pesquisa Econômica Aplicada - IPEA in its series Discussion Papers with number 1518.

    as in new window
    Length: 73 pages
    Date of creation: Dec 2010
    Date of revision:
    Handle: RePEc:ipe:ipetds:1518

    Contact details of provider:
    Postal: SBS - Quadra 01 - Bloco J - Ed. BNDES, Brasília, DF - 70076-90
    Phone: +55(061)315-5000
    Fax: +55(61)321-1597
    Email:
    Web page: http://www.ipea.gov.br
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ipe:ipetds:1518. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fabio Schiavinatto).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.