Impactos das relacoes Banco Central x bancos estaduais no arranjo federativo pos-1994: analise a luz do caso Banespa
In: Brazilian journal of political economy: Revista de economia política, Volume 21, Issue 81, p. 40-61
ISSN: 0101-3157
This article indicates, through the case study of the Banespa federalization process, that there should be serious reservations concerning the current idea that there was centralization of power in the central government enforced by the federal executive in the 1990s. The Banespa example is a critical case study as it demonstrates that the restructuring of the state banking system is not caused by the federal government in the name of the maintenance of the economic stabilization process. The authors argue that the agreement involving the situation of state banks was the fruit of a political bargaining between the state government and the federal government. (Rev Econ Polit/DÜI)