The recent accelerated expansion of the Brazilian economy, from 2004 to 2007, was driven by exports and gross fixed capital formation. Although this pace of growth is more robust than it was in the 1990s, we can still witness the presence of macroeconomic constraints to its continuation in the...

This paper explores the existence of links among the recent trends in income distribution, in the turnover of the financial industry and in financial regulation, moving from Sraffa's analyses of money and banking. It presents a linear production model where a banking industry is introduced and...