This paper builds on Hyman Minsky's financial fragility hypothesis to develop a financial fragility index for the public-sector financial structure. It applies the financial fragility index for the public-sector financial structure to analyze Brazil's public-sector financial structure from 2000...

Academic debate in South America favours a Mercosur monetary union based on the euro and the European Monetary Union (EMU), and inspired by the theory of Optimal Currency Area (OCA). This paper aims to discuss whether the adoption of a single currency in the EMU mould of monetary union, is...

Academic discussion of Brazil's economic growth is currently framed in terms of export-led growth and wage-led growth, identified, respectively, with the new- developmentalism and the social-developmentalism approaches. This article presents a Keynesian–Institutionalist proposal to the...

This article develops a critical view of the conventional currency crises models from a Post Keynesian perspective. Besides, it also presents a Post Keynesian proposal to reform the international monetary system, based on Keynes's ideas and Davidson's works.