Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature]
The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which gove...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universidade Federal de Minas Gerais
2001-01-01
|
| Series: | Nova Economia |
| Subjects: | |
| Online Access: | http://www.face.ufmg.br/novaeconomia/sumarios/v11n1/CORAZZA.PDF |
| _version_ | 1828484784642326528 |
|---|---|
| author | Gentil Corazza |
| author_facet | Gentil Corazza |
| author_sort | Gentil Corazza |
| collection | DOAJ |
| description | The paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which governmental banks were assuming Central Banks functions and transforming themselves in Central Banks. The assumes the hypothesis by which the Central Banks were not created arbitrarily by Government, but from the evolution of private banking system suffering periodic crises, which needed public intervention. Finally, the paper concludes that this historic origin grounds the ambivalent public-private nature in Central Banks. |
| first_indexed | 2024-12-11T09:02:58Z |
| format | Article |
| id | doaj.art-3b14d1a2e71849b88f6bb5efe8edd9d7 |
| institution | Directory Open Access Journal |
| issn | 0103-6351 |
| language | English |
| last_indexed | 2024-12-11T09:02:58Z |
| publishDate | 2001-01-01 |
| publisher | Universidade Federal de Minas Gerais |
| record_format | Article |
| series | Nova Economia |
| spelling | doaj.art-3b14d1a2e71849b88f6bb5efe8edd9d72022-12-22T01:13:43ZengUniversidade Federal de Minas GeraisNova Economia0103-63512001-01-01111123145Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature]Gentil CorazzaThe paper analyzes the historic origin of Central Banks, from three basic processes: the evolution and convergence of the free banking system to a hierarchical and centralized system in the Central Bank; the transformation of Clearing Houses in Central Banks, and finally, the processes by which governmental banks were assuming Central Banks functions and transforming themselves in Central Banks. The assumes the hypothesis by which the Central Banks were not created arbitrarily by Government, but from the evolution of private banking system suffering periodic crises, which needed public intervention. Finally, the paper concludes that this historic origin grounds the ambivalent public-private nature in Central Banks.http://www.face.ufmg.br/novaeconomia/sumarios/v11n1/CORAZZA.PDFbankCentral Bankfinance system |
| spellingShingle | Gentil Corazza Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature] Nova Economia bank Central Bank finance system |
| title | Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature] |
| title_full | Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature] |
| title_fullStr | Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature] |
| title_full_unstemmed | Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature] |
| title_short | Os Bancos Centrais e sua ambivalência público-privada [Central Banks and their public-private nature] |
| title_sort | os bancos centrais e sua ambivalencia publico privada central banks and their public private nature |
| topic | bank Central Bank finance system |
| url | http://www.face.ufmg.br/novaeconomia/sumarios/v11n1/CORAZZA.PDF |
| work_keys_str_mv | AT gentilcorazza osbancoscentraisesuaambivalenciapublicoprivadacentralbanksandtheirpublicprivatenature |