The costs of domestic federal public debt in Brazil

Detalhes bibliográficos
Autor(a) principal: Silva Neto, Alfredo Lopes da
Data de Publicação: 1983
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista de Administração Pública
Texto Completo: https://periodicos.fgv.br/rap/article/view/10634
Resumo: The Brazilian Central Bank assumes the function of the management of the internal federal public debt with the fiscal function of adjusting the size of this debt. There are indications which suggest the possibility that this solution was a mistake. Firstly, it produced a mechanism which constrained the Federal Government from increasing the size of the internal public debt, in proportion at least equal to the total costs involved in its own turnover, whatever the economic conjuncture. Secondly, it counteracted the management of debt from obtaining one of its most important goals: the minimization of the costs of public debt.  
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spelling The costs of domestic federal public debt in BrazilLos costos de la deuda pública federal interna en BrasilOs custos da divida pública interna federal no Brasil The Brazilian Central Bank assumes the function of the management of the internal federal public debt with the fiscal function of adjusting the size of this debt. There are indications which suggest the possibility that this solution was a mistake. Firstly, it produced a mechanism which constrained the Federal Government from increasing the size of the internal public debt, in proportion at least equal to the total costs involved in its own turnover, whatever the economic conjuncture. Secondly, it counteracted the management of debt from obtaining one of its most important goals: the minimization of the costs of public debt.   O objetivo deste trabalho é analisar uma das distorções institucionais que a dívida pública interna apresenta no Brasil: a inclusão dos custos da dívida em seu próprio giro. O custo dessa dívida - aqui definido como o montante de juros e correção monetária das ORTNs, além dos descontos das LTNs - é o preço que a sociedade, de alguma forma, tem que pagar quando o governo recorre ao endividamento público. Fundação Getulio Vargas (FGV EBAPE)1983-08-27info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.fgv.br/rap/article/view/10634Brazilian Journal of Public Administration; Vol. 17 No. 4 (1983); 102 a 108Revista de Administração Pública; Vol. 17 Núm. 4 (1983); 102 a 108Revista de Administração Pública; v. 17 n. 4 (1983); 102 a 1081982-31340034-7612reponame:Revista de Administração Públicainstname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/rap/article/view/10634/9622Silva Neto, Alfredo Lopes dainfo:eu-repo/semantics/openAccess2013-08-27T20:20:41Zoai:ojs.periodicos.fgv.br:article/10634Revistahttps://ebape.fgv.br/publicacoes/rapONGhttps://old.scielo.br/oai/scielo-oai.php||rap@fgv.br1982-31340034-7612opendoar:2013-08-27T20:20:41Revista de Administração Pública - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv The costs of domestic federal public debt in Brazil
Los costos de la deuda pública federal interna en Brasil
Os custos da divida pública interna federal no Brasil
title The costs of domestic federal public debt in Brazil
spellingShingle The costs of domestic federal public debt in Brazil
Silva Neto, Alfredo Lopes da
title_short The costs of domestic federal public debt in Brazil
title_full The costs of domestic federal public debt in Brazil
title_fullStr The costs of domestic federal public debt in Brazil
title_full_unstemmed The costs of domestic federal public debt in Brazil
title_sort The costs of domestic federal public debt in Brazil
author Silva Neto, Alfredo Lopes da
author_facet Silva Neto, Alfredo Lopes da
author_role author
dc.contributor.author.fl_str_mv Silva Neto, Alfredo Lopes da
description The Brazilian Central Bank assumes the function of the management of the internal federal public debt with the fiscal function of adjusting the size of this debt. There are indications which suggest the possibility that this solution was a mistake. Firstly, it produced a mechanism which constrained the Federal Government from increasing the size of the internal public debt, in proportion at least equal to the total costs involved in its own turnover, whatever the economic conjuncture. Secondly, it counteracted the management of debt from obtaining one of its most important goals: the minimization of the costs of public debt.  
publishDate 1983
dc.date.none.fl_str_mv 1983-08-27
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/rap/article/view/10634
url https://periodicos.fgv.br/rap/article/view/10634
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.fgv.br/rap/article/view/10634/9622
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Fundação Getulio Vargas (FGV EBAPE)
publisher.none.fl_str_mv Fundação Getulio Vargas (FGV EBAPE)
dc.source.none.fl_str_mv Brazilian Journal of Public Administration; Vol. 17 No. 4 (1983); 102 a 108
Revista de Administração Pública; Vol. 17 Núm. 4 (1983); 102 a 108
Revista de Administração Pública; v. 17 n. 4 (1983); 102 a 108
1982-3134
0034-7612
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reponame_str Revista de Administração Pública
collection Revista de Administração Pública
repository.name.fl_str_mv Revista de Administração Pública - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rap@fgv.br
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