This paper aims at analyzing regional development in Brazil regarding its financial conditions. It departs from the features of the federalism and decentralization in Brazil, as well as the state and local expenditures. We intends to investigate the role of the federalism and decentralization...

This paper explores the financial development in Brazil. It focuses on the impacts of the development level of a municipality’s financial system over its neighborhood, under the light of the Central Place Theory. Using a GMM estimator for a spatial panel model with an endogenous spatial lag...

This paper aims to investigate to what extent there is a differentiated regional bank strategy in the Brazilian economy. Based on the Post Keynesian theory of regional liquidity preference (Dow, 1993), the paper analyses consolidate balance sheets of banks’ branches from several Brazilian...

The aim of the paper is to discuss and define a concept of Keynesian uncertainty capable of both to comprehend the concept of probable knowledge and admit the existence of degrees of uncertainty. Although the economic literature have been discussed this concept based on the discussion of the...

This paper aims at analyzing the role of several monetary variables in the development of different regions based on particular understandings of what a region is and the money functions in capitalist economies. The concepts of central place and economic poles are used to characterize the...

The aim of this paper is to discuss the idea that knowledge externalities, as discussed in the Endogenous Growth Theory, can be spread over any kind of space. Although this point has already been discussed by some scholars in the heterodox tradition (Nelson, 1998, Martin and Sunley, 1998, among...