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This article investigates the impacts of the digital revolution on the international monetary and financial system (IMFS), emphasizing the effects generated by the new China's digital currency, e-CNY. It is argued that from the point of view of emerging and developing countries (EDCs) the transformations of the digital age imply considering costs and benefits of implementing central bank digital currencies (CBDCs), in a context where this "new form" does not substantially change the hierarchical and asymmetric character of the SMFI. The e-CNY implies the establishment of new disjunctures, such as, for example, developing systems that are interoperable with the Chinese system, or not. This aspect carries a strong political component in the current context of questioning the status quo in various dimensions of the international system. To illustrate this aspect, the article brings empirical evidence on the evolution of the interconnections between the Chinese economy and the main EDCs in dimensions such as convergence in business cycles and financial cycles. Greater integration with China could work as a potential attraction factor for many EDCs, which could gravitate more towards e-CNY in a scenario of greater opposition to the US dollar dominance. [ABSTRACT FROM AUTHOR]

The paper analyses the economic policy responses of the Brazilian government to the international financial crisis. In doing so, the paper aims to answer a specific question: Can the economic policies implemented in 2008-09 be identified as Keynesian economic policies? It concludes that, despite the fact the Brazilian economic policies response to the international financial crisis seems remember Keynesian economic policies, it is not possible to argue that the recovery of the Brazilian economy can be considered a Keynesian showcase.

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This paper aims at evaluating macroeconomic impacts of commodities prices' shocks on the Brazilian economy during the 2000s. The econometric methodologies employed allowed to identify three regimes of high and three of low behavior in those prices, all of them presenting the expected effects of stimulating the level of activities, at times when external price shocks are favorable; and the reverse, when price shocks were negative. The decomposition exercises made it possible to isolate the effects of commodities shocks from the other potential determinants of the level of activities. Thus, it was possible to verify that in the most recent upward cycle, starting in 2016, the recovery in commodities prices has not been able to compensate for the other domestic (or external) factors that, for the moment, block a more robust economic recovery. [ABSTRACT FROM AUTHOR]

Copyright of Contexto Internacional is the property of Pontificia Universidade Catolica do Rio de Janeiro, Instituto de Relacoes Internacionais and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper evaluates how falling commodity prices affected the Brazilian economy during the 2000s. In order to fulfill this objective two different statistical methods were used, the Markov Switching Dynamic Regression model with structural component and the Vector Autoregression (VAR) model. With respect to the level of activities, it was found that about 1/3 of the economic slowdown post 2014 could be attributed to the change in the commodities prices regime. [ABSTRACT FROM AUTHOR]

This essay aims to discuss the appropriation of the concept of emerging power to the field of international relations, the theoretical impact it inflicts on the discipline, and the duality of its formation as a theoretical category. The adjective emerging has been appropriated into the vocabulary of international relations, but such lexical novelty comprises a debate with earlier theorisations on intermediate states. It is argued that this dialogue between the transience in the narratives of change, brought up by the qualifier emerging powers, and the stasis from the theoretical accumulation on the condition from which it breaks through is a constitutive foundation for the concept as an analytical device for international relations. [ABSTRACT FROM AUTHOR]

Copyright of Sistema is the property of Asociacion de Revistas Culturales de Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Sociologia e Política is the property of Revista de Sociologia e Politica and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The recent economic interaction between Latin America and Asia, particularly between Brazil and China, has attracted the attention of the academic world that seeks to understand the effects of this approach in terms of business cycle convergence, economic structure and development trajectory. This paper contributes to this debate, presenting new evidence about the type and quality of this relationship. Our results reveal that Brazil and China present different patterns of relationship between trade and productive specialization: while Brazil has an intra-industry trade pattern, China has an inter-industry trade pattern. We explore some normative implications and future research possibilities. [ABSTRACT FROM PUBLISHER]

Copyright of Revista de la CEPAL is the property of United Nations Publications and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Ensaios FEE is the property of Fundacao de Economia e Estatistica and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The Institutional pillars of the foreign exchange policy and industrialization in Brazil in the 1930s. The 1930s constitute one milestone in the Brazilian economic development, as the accelerated industrialization process has started and became the dominant domestic policy. This paper reviews this period focusing on the institutional changes restructuring exchange transactions, to curb financial flows and balance external payments [ABSTRACT FROM AUTHOR]

Copyright of Revista de Sociologia e Política is the property of Revista de Sociologia e Politica and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Starting off with the recent discussion on economic integration in two peripheral regions, Asia and South America, this article evaluates whether conditions of economic convergence in the scope of the denominated groups ASEAN+3 and MERCOSUR exist, which could lead to a greater monetary and financial integration in both regions. On one hand, the historical and institutional aspects of the construction of regional integration agreements are analyzed, highlighting the economic and political elements that are helping or impeding a better economic-financial convergence between the member countries of the two regional blocks. While, on the other hand, utilizing the analytic referent of the theory of optimal monetary areas, this article estimates whether both regions could obtain advantages upon abandoning their macroeconomic management autonomy, especially in what one refers to as the monetary and exchange policy, in exchange for an internationally coordinated monetary system. [ABSTRACT FROM AUTHOR]

This paper aims to analyze the concept of emerging power established to the understanding of international affairs. The work observes that the use of the lexicon emerging - regarding to markets, countries or powers - as qualifier for a range of international relations phenomena became a constituent part of the matter. In spite of that, the empirical denotation of the predicate is ahead of the amount of efforts on its theoretical contextualization. Our methodological hypothesis is that the rational denial of the concepts prevailing connotative spectrum by acknowledging the embedded wisdom about cognate phenomena synthesizes a theoretical framework on its accurate use. [ABSTRACT FROM AUTHOR]