Universidade Federal de Alagoas Maceió, 22 de Outubro de 2026

Resumo do Componente Curricular

Dados Gerais do Componente Curricular
Tipo do Componente Curricular: DISCIPLINA
Unidade Responsável: PROGRAMA DE PÓS-GRADUAÇÃO EM ECONOMIA (11.00.43.47.07)
Código: MEAOP25
Nome: ECONOMIA MONETÁRIA
Carga Horária Teórica: 45 h.
Carga Horária Prática: 0 h.
Carga Horária Total: 45 h.
Pré-Requisitos:
Co-Requisitos:
Equivalências:
Excluir da Avaliação Institucional: Não
Matriculável On-Line: Sim
Horário Flexível da Turma: Sim
Horário Flexível do Docente: Sim
Obrigatoriedade de Nota Final: Sim
Pode Criar Turma Sem Solicitação: Não
Necessita de Orientador: Não
Exige Horário: Sim
Permite CH Compartilhada: Não
Permite Múltiplas Aprovações: Não
Quantidade de Avaliações: 1
Ementa/Descrição: O mercado de reservas bancárias. História e propriedades da moeda. História dos bancos centrais. O sistema Padrão-Ouro. O sistema de Bretton-Woods. Política Monetária Convencional. Repo e Treasury Market, e os Shadow Banks. A crise do subprime e o início das políticas não convencionais do FED. A crise da dívida soberana na Europa e as políticas do ECB. A evolução das políticas do FED. Moeda Internacional. O Banco Central do Brasil. Soberania Monetária. Reformas monetárias e planos de combate à inflação. Moedas locais, criptomoedas e CBDCs.
Referências: Aula 1 – Reservas Bancárias  Lavoie, M. (2022). Post-Keynesian economics: new foundations. Edward Elgar Publishing. Cap. 4. Aula 2 – História e propriedades da moeda.  Desan, C. (2017). The constitutional approach to money. Money talks: Explaining how money really works, 109-130.  Desan, C. (2022). Money's Design Elements: Debt, Liquidity, and the Pledge of Value from Medieval Coin to Modern" Repo". Banking & Finance Law Review, 38, 331-IX.  Hudson, M., & Wunsch, C. (2004). Creating Economic Order. Record-Keeping, Standardization and the Development of Accounting in the Ancient Near East. Bethesda, Maryland.  Eichengreen, B. (2020). International currencies in the lens of history. Handbook of the History of Money and Currency, 335-359.  Jaremski, M. (2020). Privately Issued Money in the United States. Handbook of the History of Money and Currency, 455-471. UNIVERSIDADE FEDERAL DE ALAGOAS FACULDADE DE ECONOMIA, ADMINISTRAÇAO E CONTABILIDADE CURSO DE MESTRADO EM ECONOMIA APLICADA DISCIPLINA: ECONOMIA MONETÁRIA CARGA HORÁRIA: 60hSeminários:  Hudson, M. (2020). Origins of Money and Interest: Palatial Credit, Not Barter. Handbook of the History of Money and Currency, 45-65.  Şaul, M. (2004). Money in colonial transition: cowries and francs in West Africa. American anthropologist, 106(1), 71-84. Aula 3 – História dos Bancos Centrais  Knodell, J. (2013). The nation-building purposes of early US central banks. Review of Keynesian Economics, 1(3), 288-299.  Eichengreen, B. (2018). The two eras of central banking in the United States. Sveriges Riksbank and the History of Central Banking, 361-387.  Goodhart, C. A. E., Edvinsson, R., Jacobson, T., & Waldenström, D. (2018). The Bank of England, 1694-2017. Sveriges Riksbank and the history of central banking, 143-71.  Issing (2018) - The European Central Bank. Seminários:  Shizume, M. (2018). A History of the Bank of Japan, 1882–2016. Sveriges Riksbank and the History of Central Banking, 328.  Allen, F., Gu, X., & Qian, J. (2018). The People’s Bank of China: from 1948 to 2016. Cambridge University Press. Aula 4 – O sistema padrão-ouro: clássico, entre guerras, crise de 1929 e Glass-Steagall Act.  BLOCK, F. L. The Origins of International Economic Disorder, 1977.  Eichengreen, B. (2019). Globalizing capital: a history of the international monetary system. Princeton University Press. Caps. 2 e 3. Seminário:  Kindleberger, C. P. (1973). The World in Depression, 1919 – 1939. Berkeley, CA: University of California Press. Caps. 5 e 14. Aula 5 – O sistema de Bretton Woods  BORDO, M. The Bretton Woods International Monetary System: an historical overview. NBER Working Paper No. 4033, march. Cambridge, Mass.: National Bureau of Economic Research, 1993.  BORDO, M. The Gold Standard, Bretton Woods and other Monetary Regimes: an historical appraisal. NBER Working Paper No. 4310. Cambridge, Mass.: National Bureau of Economic Research, 1993b Eichengreen, B. (2019). Globalizing capital: a history of the international monetary system. Princeton University Press. Caps. 4 e 5.  Barry Eichengreen (2021) Bretton Woods After 50, Review of Political Economy, 33:4, 552-569, DOI: 10.1080/09538259.2021.1952011  DE CECCO, M. The Origins of Postwar Payments System. Cambridge Journal of Economics, 3, pp. 49-61,1979. Seminário:  Battilossi et al (eds) (2020), cap 27. Aula 6 – Política monetária convencional  Borio, C. (1997). The implementation of monetary policy in industrial countries: a survey.  Borio, C. (2001). A hundred ways to skin a cat: comparing monetary policy operating procedures in the United States, Japan and the euro area. BIS papers, 9, 1-22.  Bindseil, U. (2004). Monetary policy implementation: Theory, past, and present. OUP Oxford. Seminários:  Lavoie, M. (2005). Monetary base endogeneity and the new procedures of the asset-based Canadian and American monetary systems. Journal of Post Keynesian Economics, 27(4), 689-709.  Fullwiler, S. T. (2008). Modern central bank operations: the general principles. Advances in endogenous money analysis, 50-87. Aula 7 – Repo e Treasury Market, e os Shadow Banks  Baklanova, V., Copeland, A. M., & McCaughrin, R. (2015). Reference guide to US repo and securities lending markets. FRB of New York Staff Report, (740).  Pozsar, Z., Adrian, T., Ashcraft, A., & Boesky, H. (2010). Shadow banking. New York, 458(458), 3-9.  Menand, L., & Younger, J. (2023). Money and the Public Debt: Treasury Market Liquidity as a Legal Phenomenon. Colum. Bus. L. Rev., 224. Seminário:  Bouguelli, R. (2020). Is shadow banking really akin to banking? A critical analysis in light of monetary theory. Journal of Post Keynesian Economics, 43(1), 1-27. Aula 8 – A crise do subprime e o início das políticas não convencionais do FED Tooze, A. (2018). Crashed: How a decade of financial crises changed the world. Penguin.  Saraiva, P. J., Paula, L. F. D., & Modenesi, A. D. M. (2017). Crise financeira americana e as políticas monetárias não-convencionais. Economia e Sociedade, 26, 1-44. Aula 9 – A crise da dívida soberana na Europa e as políticas do ECB  Tooze, A. (2018). Crashed: How a decade of financial crises changed the world. Penguin.  BIS (2019). Unconventional monetary policy tools: a cross-country analysis. CGFS papers n. 63.  Borio, C., & Zabai, A. (2020). When the unconventional becomes conventional. Speech by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at" The ECB and Its Watchers XXI", 30 September 2020, Frankfurt. Aula 10 – A evolução das políticas do FED  Copeland, A., Duffie, D., & Yang, Y. (2021). Reserves were not so ample after all (No. w29090). National Bureau of Economic Research.  Ennis, H. M., & Huther, J. (2021). The Fed’s Evolving Involvement in the Repo Markets. Federal Reserve Bank of Richmond Economic Brief, (21-31).  Mehrling, P. (2015). Elasticity and discipline in the global swap network. International Journal of Political Economy, 44(4), 311-324.  Mehrling, P. (2022). “Where’s my swap line?” A Money View of International Lender of Last Resort. Jahrbuch für Wirtschaftsgeschichte/Economic History Yearbook, 63(2), 559- 574.  Murau, S., Pape, F., & Pforr, T. (2021). The hierarchy of the offshore US-Dollar system. On swap lines, the FIMA Repo Facility and special drawing rights. Boston University, Global Development Policy Center, Global Economic Governance Initiative, GEGI Study, Boston, MA. https://doi. org/10.48440/iass. Aula 11 – Moeda Internacional  Chaboud, A., Rime, D., & Sushko, V. (2023). The foreign exchange market. In Research Handbook of Financial Markets (pp. 253-275). Edward Elgar Publishing.  McCauley, R., McGuire, P., & Wooldridge, P. (2021). Seven decades of international banking. BIS Quarterly Review, (20).  Correa, R., Du, W., & Liao, G. Y. (2020). US banks and global liquidity (No. w27491). National Bureau of Economic Research.  Becker, J., Schmeling, M., & Schrimpf, A. (2023). Global Bank Lending and Exchange Rates. Available at SSRN 4654695. Obstfeld, M., & Zhou, H. (2022). The global dollar cycle. Brookings Papers on Economic Activity, 2022(2), 361-447. Seminário:  Boz, E., Casas, C., Georgiadis, G., Gopinath, G., Le Mezo, H., Mehl, A., & Nguyen, T. (2020). Patterns in invoicing currency in global trade. Aula 12 – O Banco Central do Brasil  Cavalcanti, M. A., & Vonbun, C. (2013). Evolução da Politica do Recolhimento Compulsório no Brasil Pós-Real.  Kappes, S. A. (2023). International reserves, repurchase agreements, and the Brazilian monetary policy. In Monetary Policy Challenges in Latin America (pp. 221-231). Edward Elgar Publishing.  DORNELAS, L. N. D. D., & TERRA, F. H. (2021). Selic: o mercado brasileiro de dívida pública. Campinas: Alínea. Aula 13 – Soberania monetária: hierarquia de moeda; dolarização; uniões monetárias.  De Conti, B., & Prates, D. M. (2018). The International Monetary System hierarchy: current configuration and determinants. Texto para discussão, 335.  Gopinath, G., Boz, E., Casas, C., Díez, F. J., Gourinchas, P. O., & Plagborg-Møller, M. (2020). Dominant currency paradigm. American Economic Review, 110(3), 677-719.  Levy Yeyati, E. (2021). Dolarización y desdolarización financiera en el nuevo milenio (No. 19459). Documentos de Discusión FLAR.  Bokino, R., & Le Heron, E. (2022). Monetary policy committees at the Central Bank of West African States (BCEAO) and the Bank of the Central African States (BEAC). In The Future of Central Banking (pp. 337-359). Edward Elgar Publishing. Seminário:  Vernengo, M. (2021). The consolidation of dollar hegemony after the collapse of Bretton Woods: bringing power back in. Review of Political Economy, 33(4), 529-551. Aula 14 – Reformas monetárias e planos de combate à inflação: Alemanha, Israel e Brasil.  Franco, G. H. (1989). O milagre do Rentenmark: uma experiência bem-sucedida com moeda indexada. Revista Brasileira de Economia, 43(3), 431-450.  Modenesi, A. (2005). Regimes monetários: teoria e a experiência do real. Editora Manole Ltda. Seminário: Ellman, M. (2020). Money, Prices, and Payments in Planned Economies. Handbook of the History of Money and Currency, 473-500. Aula 15 – Outras moedas: moedas locais, criptomoedas, CBDCs.  Amato, M., & Fantacci, L. (2020). Complementary currencies. Handbook of the History of Money and Currency, 501-522.  Vallet, G. (2022). 'In money we trust': the issue of confidence in money in the Swiss WIR system. In Central Banking, Monetary Policy and the Future of Money (pp. 272-301). Edward Elgar Publishing.  BIS Annual Economic Report 2023. III. Blueprint for the future monetary system: improving the old, enabling the new.  Di Iorio, A., Kosse, A., & Mattei, I. (2024). Embracing diversity, advancing togetherresults of the 2023 BIS survey on central bank digital currencies and crypto.  Kuehnlenz, S., Orsi, B., & Kaltenbrunner, A. (2023). Central bank digital currencies and the international payment system: The demise of the US dollar?. Research in International Business and Finance, 64, 101834.

SIGAA | NTI - Núcleo de Tecnologia da Informação - (82) 3214-1015 | Copyright © 2006-2026 - UFAL - sig-app-3.srv3inst1 v4.9.3_s.489 22/10/2026 18:49