As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020

Detalhes bibliográficos
Autor(a) principal: Schapiro, Mario
Data de Publicação: 2022
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Direito e Práxis
Texto Completo: https://www.e-publicacoes.uerj.br/revistaceaju/article/view/63379
Resumo: https://doi.org/10.1590/2179-8966/2022/63379 Between 1999 and 2020, the Central Bank of Brazil - BCB rested on a regime of operational autonomy, but, unlike other central banks, its board of directors did not have a functional mandate established by law. How to explain the functioning of this autonomy without the existence of a legal guarantee? The article seeks to tackle this question by carrying out an in-depth case study examining the governance and performance of BCB. The findings confirm the hypothesis that an institutional complementarity of three factors played the role of a functional substitute for a mandate established by law: the Weberian organization of the BCB, its external coalitions, and the regulatory capacity. The Weberian organization guaranteed cohesion to the bureaucracy and limited political control exercised through appointments; external coalitions reinforced the BCB's powers within the State apparatus, and the regulatory capacity institutionalized the BCB's performance, reinforcing other authorities' deferential behavior. Keywords: Central Bank, Bureaucracy, Autonomy, Insulation, Coalitions, Regulatory Capacity
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spelling As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020Socio-Legal Foundations of Brazilian Central Bank's Autonomy – 1999-2020Banco CentralBurocraciaAutonomia OperacionalInsulamentoCoalizões ExternasCapacidade Regulatória.Central BankBureaucracyAutonomyInsulationCoalitionsRegulatory Capacityhttps://doi.org/10.1590/2179-8966/2022/63379 Between 1999 and 2020, the Central Bank of Brazil - BCB rested on a regime of operational autonomy, but, unlike other central banks, its board of directors did not have a functional mandate established by law. How to explain the functioning of this autonomy without the existence of a legal guarantee? The article seeks to tackle this question by carrying out an in-depth case study examining the governance and performance of BCB. The findings confirm the hypothesis that an institutional complementarity of three factors played the role of a functional substitute for a mandate established by law: the Weberian organization of the BCB, its external coalitions, and the regulatory capacity. The Weberian organization guaranteed cohesion to the bureaucracy and limited political control exercised through appointments; external coalitions reinforced the BCB's powers within the State apparatus, and the regulatory capacity institutionalized the BCB's performance, reinforcing other authorities' deferential behavior. Keywords: Central Bank, Bureaucracy, Autonomy, Insulation, Coalitions, Regulatory Capacityhttps://doi.org/10.1590/2179-8966/2022/63379 Entre 1999 e 2020, o Banco Central do Brasil – BCB contou com um regime de autonomia operacional, mas, diferentemente da regra geral dos demais bancos centrais, seus dirigentes não contaram com um mandato funcional estabelecido em lei. Como explicar o funcionamento desta autonomia sem a existência de uma garantia legal? O artigo procura responder a esta questão realizando um estudo de caso em profundidade em que analisa a governança e a atuação do BCB. Seus achados confirmam a hipótese de trabalho de que uma complementaridade institucional de três fatores desempenhou o papel de substituto funcional de um mandato estabelecido em lei, são eles: a organização weberiana do BCB, as suas coalizões externas de proteção e a capacidade regulatória adquirida pela autarquia. A organização weberiana garantiu coesão à burocracia e limitou o controle político exercido por meio das nomeações; as coalizões externas reforçaram os poderes do BCB dentro do Estado e a capacidade regulatória institucionalizou a atuação do BCB, o que reforçou um comportamento deferente das demais autoridades em relação às suas políticas.    Palavras-chave: Banco Central; Burocracia; Autonomia Operacional; Insulamento; Coalizões Externas; Capacidade Regulatória. Abstract Between 1999 and 2020, the Central Bank of Brazil - BCB rested on a regime of operational autonomy, but, unlike other central banks, its board of directors did not have a functional mandate established by law. How to explain the functioning of this autonomy without the existence of a legal guarantee? The article seeks to tackle this question by carrying out an in-depth case study examining the governance and performance of BCB. The findings confirm the hypothesis that an institutional complementarity of three factors played the role of a functional substitute for a mandate established by law: the Weberian organization of the BCB, its external coalitions, and the regulatory capacity. The Weberian organization guaranteed cohesion to the bureaucracy and limited political control exercised through appointments; external coalitions reinforced the BCB's powers within the State apparatus, and the regulatory capacity institutionalized the BCB's performance, reinforcing other authorities' deferential behavior. Keywords: Central Bank, Bureaucracy, Autonomy, Insulation, Coalitions, Regulatory CapacityUniversidade do Estado do Rio de Janeiro2022-12-22info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.e-publicacoes.uerj.br/revistaceaju/article/view/63379Direito e Práxis; Vol. 15 Núm. 1 (2024): REVISTA DIREITO E PRÁXIS; 1-25Direito e Práxis; Vol. 15 No. 1 (2024): REVISTA DIREITO E PRÁXIS; 1-25Revista Direito e Práxis; v. 15 n. 1 (2024): REVISTA DIREITO E PRÁXIS; 1-252179-8966reponame:Revista Direito e Práxisinstname:Universidade do Estado do Rio de Janeiro (UERJ)instacron:UERJporhttps://www.e-publicacoes.uerj.br/revistaceaju/article/view/63379/44453Copyright (c) 2022 Revista Direito e Práxishttps://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessSchapiro, Mario2024-05-02T18:28:45Zoai:ojs.www.e-publicacoes.uerj.br:article/63379Revistahttps://www.e-publicacoes.uerj.br/index.php/revistaceaju/indexPUBhttps://www.e-publicacoes.uerj.br/index.php/revistaceaju/oai||carolvestena@gmail.com|| jr-cunha@uol.com.br|| direitoepraxis@gmail.com2179-89662179-8966opendoar:2024-05-02T18:28:45Revista Direito e Práxis - Universidade do Estado do Rio de Janeiro (UERJ)false
dc.title.none.fl_str_mv As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
Socio-Legal Foundations of Brazilian Central Bank's Autonomy – 1999-2020
title As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
spellingShingle As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
Schapiro, Mario
Banco Central
Burocracia
Autonomia Operacional
Insulamento
Coalizões Externas
Capacidade Regulatória.
Central Bank
Bureaucracy
Autonomy
Insulation
Coalitions
Regulatory Capacity
title_short As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
title_full As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
title_fullStr As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
title_full_unstemmed As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
title_sort As bases jurídico-institucionais da autonomia operacional do Banco Central do Brasil – 1999-2020
author Schapiro, Mario
author_facet Schapiro, Mario
author_role author
dc.contributor.author.fl_str_mv Schapiro, Mario
dc.subject.por.fl_str_mv Banco Central
Burocracia
Autonomia Operacional
Insulamento
Coalizões Externas
Capacidade Regulatória.
Central Bank
Bureaucracy
Autonomy
Insulation
Coalitions
Regulatory Capacity
topic Banco Central
Burocracia
Autonomia Operacional
Insulamento
Coalizões Externas
Capacidade Regulatória.
Central Bank
Bureaucracy
Autonomy
Insulation
Coalitions
Regulatory Capacity
description https://doi.org/10.1590/2179-8966/2022/63379 Between 1999 and 2020, the Central Bank of Brazil - BCB rested on a regime of operational autonomy, but, unlike other central banks, its board of directors did not have a functional mandate established by law. How to explain the functioning of this autonomy without the existence of a legal guarantee? The article seeks to tackle this question by carrying out an in-depth case study examining the governance and performance of BCB. The findings confirm the hypothesis that an institutional complementarity of three factors played the role of a functional substitute for a mandate established by law: the Weberian organization of the BCB, its external coalitions, and the regulatory capacity. The Weberian organization guaranteed cohesion to the bureaucracy and limited political control exercised through appointments; external coalitions reinforced the BCB's powers within the State apparatus, and the regulatory capacity institutionalized the BCB's performance, reinforcing other authorities' deferential behavior. Keywords: Central Bank, Bureaucracy, Autonomy, Insulation, Coalitions, Regulatory Capacity
publishDate 2022
dc.date.none.fl_str_mv 2022-12-22
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://www.e-publicacoes.uerj.br/revistaceaju/article/view/63379
url https://www.e-publicacoes.uerj.br/revistaceaju/article/view/63379
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.e-publicacoes.uerj.br/revistaceaju/article/view/63379/44453
dc.rights.driver.fl_str_mv Copyright (c) 2022 Revista Direito e Práxis
https://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2022 Revista Direito e Práxis
https://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade do Estado do Rio de Janeiro
publisher.none.fl_str_mv Universidade do Estado do Rio de Janeiro
dc.source.none.fl_str_mv Direito e Práxis; Vol. 15 Núm. 1 (2024): REVISTA DIREITO E PRÁXIS; 1-25
Direito e Práxis; Vol. 15 No. 1 (2024): REVISTA DIREITO E PRÁXIS; 1-25
Revista Direito e Práxis; v. 15 n. 1 (2024): REVISTA DIREITO E PRÁXIS; 1-25
2179-8966
reponame:Revista Direito e Práxis
instname:Universidade do Estado do Rio de Janeiro (UERJ)
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instname_str Universidade do Estado do Rio de Janeiro (UERJ)
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reponame_str Revista Direito e Práxis
collection Revista Direito e Práxis
repository.name.fl_str_mv Revista Direito e Práxis - Universidade do Estado do Rio de Janeiro (UERJ)
repository.mail.fl_str_mv ||carolvestena@gmail.com|| jr-cunha@uol.com.br|| direitoepraxis@gmail.com
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