A política monetária em Portugal no período pós-1974

Authors

  • Fernando Teixeira dos Santos

DOI:

https://doi.org/10.11606/1980-53572024fts

Keywords:

Monetary policy, Exchange rate policy, Financing, Money stock, External equilibrium

Abstract

The purpose in this paper is to analyse the main factors that influence monetary policy in Portugal from 1974 to 1988. The shocks to the Portuguese
economy during the 1974-75 period and the resulting disequilibria of internal and external nature changed the role of economic policy in Portugal. In relation to the period before 1974 economic policy played a more active role. Of particular importance were the monetary and exchange rate policies used as main tools to fight the deep external disequilibria that occurred in the period.

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References

FRIEDMAN, M. & SCHWARTZ, A. J. A monetary history of the United States, 1867-1960. Princeton University Press, 1963.

CAGAN, P. The determinants and effects of changes in the stock ofmoney 1875-1960. National Bureau of Economic Research, 1965.

BRUNNER, K, Money supply process and monetary policy in an open economy. In: CONNOLY M. & SWOBODA, A. (eds.), International trade and money. George Allen & Unwin, 1973.

JOHNSON, H. G. The monetary approach to the balance of payments theory. In: HAVRILESKY, T. & BOORMAN, J. (eds.), Current issues in monetary theory and policy, AHM Publishing Corporation, 1976.

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Published

01-06-1990

Issue

Vol. 20 No. 2 (1990)

Section

Articles

License

Copyright (c) 1990 Fernando Teixeira dos Santos

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

By submitting an article, the author authorizes its publication and attests that it has not been submitted to any other journal. The original article is considered final. Articles selected for publication are proofread for grammatical and orthographic errors. The journal does not pay rights for published articles. The Institute of Economic Research from the School of Economics, Business and Accounting of the University of São Paulo (Instituto de Pesquisas Econômicas da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo) owns the journal's copyright.

How to Cite

Santos, F. T. dos. (1990). A política monetária em Portugal no período pós-1974. Estudos Econômicos (São Paulo), 20(2), 255-281. https://doi.org/10.11606/1980-53572024fts