Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Administração Pública |
Texto Completo: | https://periodicos.fgv.br/rap/article/view/36700 |
Resumo: | This article reports evidence of new monetary channels for social inclusion involving basic income policies and the Caixa Econômica Federal, a Brazilian government savings bank. Since the Plano Real (Brazilian currency) and the liberalization of banking in the 1990s, the realization of competitive advantages by the Caixa as social policy agent and the importance of citizenship cards differ from existing theories of bank change, financial inclusion and monetary policy. Multi-method research reveals the importance of 1) political theories of basic income, 2) conceptions of citizenship and social justice, and 3) a back to the future modernization of government banking. This provides alternatives to contemporary market-based banking theory, neo-liberal policies, private and non-governmental microfinance strategies, and theories in political economy about fiscal constraints to social policies. New monetary channels of change also suggest that zero sum theories about politics, monetary authority and social inclusion are amiss. |
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Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in BrazilCanales monetarios de la inclusión social: un estudio de caso de la renta mínima y las políticas de la caja de ahorros pública en BrasilCanais monetários de inclusão social: um estudo de caso de renda mínima e a Caixa Econômica Federalmonetary policyfinancial inclusionsavings banksBrazil.política monetariainclusión financieracajas de ahorroBrasil.política monetáriainclusão financeirabancos de poupançaBrasil. This article reports evidence of new monetary channels for social inclusion involving basic income policies and the Caixa Econômica Federal, a Brazilian government savings bank. Since the Plano Real (Brazilian currency) and the liberalization of banking in the 1990s, the realization of competitive advantages by the Caixa as social policy agent and the importance of citizenship cards differ from existing theories of bank change, financial inclusion and monetary policy. Multi-method research reveals the importance of 1) political theories of basic income, 2) conceptions of citizenship and social justice, and 3) a back to the future modernization of government banking. This provides alternatives to contemporary market-based banking theory, neo-liberal policies, private and non-governmental microfinance strategies, and theories in political economy about fiscal constraints to social policies. New monetary channels of change also suggest that zero sum theories about politics, monetary authority and social inclusion are amiss. Hay pruebas de nuevos canales monetarios de inclusión social relacionados con la renta mínima y la caja de ahorros pública en Brasil. Desde la estabilidad de precios y la liberalización de los servicios bancarios, la realización de ventajas competitivas de una caja de ahorros pública, agente de política social y inclusión bancaria, difiere de las teorías dominantes de cambio bancario, inclusión financiera y política monetaria. Una encuesta revela la importancia de 1) las políticas de renta mínima, 2) conceptos de ciudadanía y justicia social, 3) la modernización del banco público y social. Los resultados presentan alternativas a las políticas neoliberales, basadas en los mercados de capitales y la banca privada. Nuevos programas para inclusión bancaria sugieren que las teorías de dominancia fiscal, los límites estructurales y las relaciones de suma cero entre la política monetaria y la inclusión social necesitan ser revisadas. Este artigo reporta evidências sobre novos canais monetários de inclusão social envolvendo políticas de renda mínima e a Caixa Econômica Federal. Desde o Plano Real e a liberalização do sistema bancário na década de 1990, a realização de vantagens competitivas pela Caixa ao servir de agente de políticas sociais difere de teorias de mudança bancária, de inclusão financeira e de política monetária. Pesquisas multimétodo revelam a importância de 1) teorias políticas de renda mínima, 2) concepções de cidadania e de justiça social e 3) uma modernização “volta ao futuro” de bancos públicos. Isso proporciona alternativas à teoria contemporânea bancária, às políticas neoliberais, às estratégias de microfinanças privadas e não governamentais e às teorias na economia política sobre limites estruturais e fiscais para políticas sociais. Esses novos canais monetários também contrariam teorias de natureza soma zero entre a política, a autoridade monetária e a inclusão social. Fundação Getulio Vargas (FGV EBAPE)2014-10-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.fgv.br/rap/article/view/36700Brazilian Journal of Public Administration; Vol. 48 No. 6 (2014); 1451 a 1474Revista de Administração Pública; Vol. 48 Núm. 6 (2014); 1451 a 1474Revista de Administração Pública; v. 48 n. 6 (2014); 1451 a 14741982-31340034-7612reponame:Revista de Administração Públicainstname:Fundação Getulio Vargas (FGV)instacron:FGVenghttps://periodicos.fgv.br/rap/article/view/36700/35478von Mettenheim, Kurt EberhartLima, Maria Fernanda Freire deinfo:eu-repo/semantics/openAccess2015-03-18T15:07:16Zoai:ojs.periodicos.fgv.br:article/36700Revistahttps://ebape.fgv.br/publicacoes/rapONGhttps://old.scielo.br/oai/scielo-oai.php||rap@fgv.br1982-31340034-7612opendoar:2015-03-18T15:07:16Revista de Administração Pública - Fundação Getulio Vargas (FGV)false |
dc.title.none.fl_str_mv |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil Canales monetarios de la inclusión social: un estudio de caso de la renta mínima y las políticas de la caja de ahorros pública en Brasil Canais monetários de inclusão social: um estudo de caso de renda mínima e a Caixa Econômica Federal |
title |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil |
spellingShingle |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil von Mettenheim, Kurt Eberhart monetary policy financial inclusion savings banks Brazil. política monetaria inclusión financiera cajas de ahorro Brasil. política monetária inclusão financeira bancos de poupança Brasil. |
title_short |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil |
title_full |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil |
title_fullStr |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil |
title_full_unstemmed |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil |
title_sort |
Monetary channels of social inclusion: a case study of basic income and the Caixa Econômica Federal in Brazil |
author |
von Mettenheim, Kurt Eberhart |
author_facet |
von Mettenheim, Kurt Eberhart Lima, Maria Fernanda Freire de |
author_role |
author |
author2 |
Lima, Maria Fernanda Freire de |
author2_role |
author |
dc.contributor.author.fl_str_mv |
von Mettenheim, Kurt Eberhart Lima, Maria Fernanda Freire de |
dc.subject.por.fl_str_mv |
monetary policy financial inclusion savings banks Brazil. política monetaria inclusión financiera cajas de ahorro Brasil. política monetária inclusão financeira bancos de poupança Brasil. |
topic |
monetary policy financial inclusion savings banks Brazil. política monetaria inclusión financiera cajas de ahorro Brasil. política monetária inclusão financeira bancos de poupança Brasil. |
description |
This article reports evidence of new monetary channels for social inclusion involving basic income policies and the Caixa Econômica Federal, a Brazilian government savings bank. Since the Plano Real (Brazilian currency) and the liberalization of banking in the 1990s, the realization of competitive advantages by the Caixa as social policy agent and the importance of citizenship cards differ from existing theories of bank change, financial inclusion and monetary policy. Multi-method research reveals the importance of 1) political theories of basic income, 2) conceptions of citizenship and social justice, and 3) a back to the future modernization of government banking. This provides alternatives to contemporary market-based banking theory, neo-liberal policies, private and non-governmental microfinance strategies, and theories in political economy about fiscal constraints to social policies. New monetary channels of change also suggest that zero sum theories about politics, monetary authority and social inclusion are amiss. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-10-20 |
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/36700 |
url |
https://periodicos.fgv.br/rap/article/view/36700 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://periodicos.fgv.br/rap/article/view/36700/35478 |
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. 48 No. 6 (2014); 1451 a 1474 Revista de Administração Pública; Vol. 48 Núm. 6 (2014); 1451 a 1474 Revista de Administração Pública; v. 48 n. 6 (2014); 1451 a 1474 1982-3134 0034-7612 reponame:Revista de Administração Pública instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
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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1798943771847557120 |