Cruzado versus dollar – what is the true Brazilian currency?

Leonardo Fernando Cruz Basso ()

Brazilian Journal of Political Economy, 1990, vol. 10, issue 1, 126-132

Abstract: The paper criticizes the so-called dollarization of Brazilian economy. The argumentis based on Marx’s discussion of the functions of money. The instrument elected to actas money needs to act as means of payment, i.e., must be used to pay for the commoditiesbeen transactioned. The dollar cannot yet perform this function because it does not exist ina volume sufficient to pay for the commodities been transactioned. JEL Classification: B51; E51; E31.

Keywords: Dollarization; inflation; Marxian economics (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org/repojs/index. ... ticle/view/1528/1514 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:10:y:1990:i:1:p:126-132:id:1528

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().