O "Elo Perdido" Entre a Organização Mundial do Comércio e o Fundo Monetário Internacional

Vera Thorstensen, Daniel Ramos and Carolina Muller

No 1859, Discussion Papers from Instituto de Pesquisa Econômica Aplicada - IPEA

Abstract: Um dos principais objetivos das negociações de Bretton Woods era o de garantir o controle estrito sobre medidas de desvalorização cambial competitiva, que haviam potencializado os danos da crise econômica da década de 1930. O sistema de paridades cambiais fixas foi criado, representando um elo entre o sistema financeiro internacional e o sistema de comércio internacional, garantindo, a este, a neutralidade da questão cambial. O presente texto analisa como as revoluções sofridas pelo Fundo Monetário Internacional (FMI) acabaram por representar a perda deste elo, e discute as consequências para o atual funcionamento da Organização Mundial do Comércio (OMC). One of the main objectives of the Bretton Woods negotiations was to guarantee the firm control over competitive exchange rate devaluations, which had worsened the effects of the economic crisis of the 1930s. The par value exchange rate system was thus created, representing a link between the international financial system and the international trading system, guaranteeing, to the latter, the neutrality of the currency issue. The present article analyses how the institutional revolutions suffered by the IMF ended up representing the loss of this link and discusses its consequences to the WTO.

Pages: 40 pages
Date: 2013-08
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