The implicit assumption that governments will bailout financial institutions under distress can generate negative incentives for the development of a sound financial system. In the Brazilian case, the current administration of Fernando Henrique Cardoso was only able to significantly reduce its...

The aim of this work is to investigate the relations between Brazilian decision making process and federalism through political process of Fiscal Responsability Law. There're some political scientists' visions that legislative projects undermining the subnational governments' interests are not...