Professors – August 2013

School of Advanced Studies - Faculty Invited, Disciplines to be taught 
The School of Advanced Studies second period will launch from August 12 to August 30, 2013 with the following courses and respective faculty:

The Financial Globalization of Developing Countries

Roberto FrenkelProfessor Roberto Frenkel
Curriculum Vitae
(The course will be taught in Spanish)
August 12-16
17h00 às  20h00
Instituto de Economia – UFRJ – Campus da Praia Vermelha
Rio de Janeiro/RJ


The financial globalization process up to the early 2000s.
Trajectories of International financial integration. Country risk and segmented integration. Financial traps.
Crises in emerging market economies and developed countries.
Financial globalization in the XXI century
Real exchange rate, growth and employment. Real effects of financial opening.

Program with readings

Readings Download
A Concise History of Exchange Rate Regimes in Latin America
A developing country view of the current global crisis: what should not be forgotten and what should be done
Capital Market Liberalization and Development
Economic Development and the International Financial System
El riesgo país en la zona del euro y en las economías de mercado emergente
The Real Exchange Rate and Economic Growth
Foreign Capital and Economic Growth
Presentation by Roberto Frenkel at the joint Brazilian Ministry of Finance and International Monetary Fund (IMF) High Level Conference on “Managing Capital Flows in Emerging Markets”. Rio de Janeiro, Brazil, May 26-27, 2011
External Debt, Growth and Sustainability
Financial and currency crises in Latin America
External Fragility or Deindustrialization: What is the Main Threat to Latin American Countries in the 2010s?
Real Exchange Rate, Monetary Policy and Employment
From the Boom in Capital Inflows to Financial Traps
Globalization and financial crises in Latin America
Lax Public Sector, Destabilizing Private Sector: Origins of Capital Market Crises
Lessons from a Comparative Analysis of Financial Crises
Lições de Politica Macroeconomica para o Desenvolvimento Revista Tempo do Mundo
Macroeconomic Policies, Growth, Employment, and Inequality in Latin America
El esquema de “inflation targeting” y el objetivo de tipo de cambio real en las economías en desarrollo
Real Exchange Rate and Employment in Argentina, Brazil, Chile and Mexico
The competitive real exchange-rate regime, inflation and monetary policy
The sustainability of monetary sterilization policies

Core and Complementary Readings
Eatwell, John and Lance Taylor (2000) Global Finance at Risk: the Case for International Regulation, The New Press, New York.

Frenkel, Roberto (2013) “Lessons from a Comparative Analysis of Financial Crises”, Comparative Economic Studies, 55(2), pp. 1-26.

Frenkel, Roberto; Mario Damill and Martín Rapetti (2013) “Financial and Currency Crises in Latin America” in Wolfson, Martin H. and Gerald Epstein (eds.) The Handbook of the Political Economy of Financial Crises. Oxford University Press.

Frenkel, Roberto and Martín Rapetti (2012)“External Fragility or Deindustrialization: What is the Main Threat to Latin American Countries in the 2010s?” in World Economic Review Volume 1, No 1, 2012.

Frenkel. Roberto (2012) “Lições sobre Crises Financeiras” in A. Modenesi, D. Prattes, J. L. Oreiro, L. F.de Paula e M. F. Resende (orgs.) Sistema Financeiro e Política Econômica em uma Era de Instabilidade, Campus editora, São Paulo, Brazil, August. 

Frenkel, Roberto (2011) Presentation at the joint Brazilian Ministry of Finance and International Monetary Fund (IMF) High Level Conference on “Managing Capital Flows in Emerging Markets”. Rio de Janeiro, Brazil, May 26-27.

Frenkel, Roberto (2011) “Licoes de Politica Macroeconomica para o Desenvolvimento sob a Luz da Experiencia da Ultima Decada” in Revista Tempo do Mundo Volume 3, Numero 1. IPEA, Brasilia, April.

Frenkel, Roberto and Martín Rapetti (2010) “A Concise History of Exchange Rate Regimes in Latin America” Nuevos Documentos Cedes, 67. Buenos Aires: Cedes, 2010. Available in: http://www.cedes.org.ar/publicaciones/Ndoc_c/67.zip  Also in en Department of Economics Working Paper 2010-1, University of Massachusetts, Amherst, 2010. Also in CEPR Center for Economics and Policy Research, Washington DC, April 2010.

Frenkel, Roberto and Martín Rapetti (2010) “Economic Development and the International Financial System” in Griffith-Jones S., J. A. Ocampo and J. Stiglitz (eds), Time for a Visible Hand. Lessons from the 2008 World Financial Crisis. Oxford University Press.

Frenkel, Roberto and Martín Rapetti (2009) “A Developing Country View of the Current Global Crisis: What Should not be Forgotten and What Should be Done” in Cambridge Journal of Economics Volume 33 Number 4. Special Issue: The Global Financial Crisis. July.

Frenkel, Roberto (2008) “The competitive real exchange-rate regime, inflation and monetary policy” in CEPAL Review 96. Santiago de Chile, December.

Frenkel, Roberto (2008) “O esquema de “inflation targeting” e o objetivo de taxa de câmbio real nas economias em desenvolvimento” in Teoría e Políticas Keynesianas, Elsevier Editora Ltda., Rio de Janeiro, Brazil.

Frenkel, Roberto (2008) “From the Boom in Capital Inflows to Financial Traps” in José Antonio Ocampo and Joseph Stiglitz (eds.) Capital Markets Liberalization and Development, IPD Book Series, Oxford University Press. 

Frenkel. Roberto (2007) “The Sustainability of Sterilization Policy”, in CEPAL Review 93, Santiago de Chile, December. Also in Center for Economic Policy Research, CEPR Paper ,Washington DC, September 2007.

Frenkel, Roberto and Lance Taylor (2007) “Real Exchange Rate, Monetary Policy, and Employment.” (in collaboration with Lance Taylor),  DESA Working Paper No 19. United Nations, New York, February 2006. Also in J. A Ocampo, Jomo K. S. and S. Khan (eds) Policy Matters. Economic and Social Policies to Sustain Equitable Development, Zed Books, London, UK, 2007.

Frenkel, Roberto (2005) “External Debt, Growth and Sustainability”, in José Antonio Ocampo (ed.), Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability, Palo Alto, Stanford University Presss and ECLAC.

Frenkel, Roberto (2004) “Real Exchange Rate and Employment in Argentina, Brazil, Chile and Mexico”. Paper prepared for the G24. Washington, August. Available at: http://www.g24.org/fren0904.pdf#search=%22%22roberto%20frenkel%22%22

Frenkel, Roberto (2003) “Globalization and Financial Crises in Latin America” CEPAL Review No 80, Santiago de Chile, August.

Frenkel, Roberto (2002) "Capital Market Liberalization and Economic Performance in Latin America", in John Eatwell and Lance Taylor (eds.) International Capital Markets. Systems in Transition, Oxford University Press. Also in Working Paper Series No. 3, Working Paper No. 1, Center for Economic Policy Analysis, New School for Social Research, New York, 1998. www.newschool.edu/cepa

Ocampo, J. A., S. Spiegel y J. Stiglitz (2008): “Capital Market Liberalization and Development”, en José Antonio Ocampo and Joseph Stiglitz (eds.) Capital Markets Liberalization and Development, IPD Book Series, Oxford University Press.

Prasad, E., R. Rajan y A. Subramanian. “Foreign Capital and Economic Growth”, IMF Research Department, 2006.

Rodrik, D. (2008) “The real exchange rate and economic growth”, Brookings Papers on Economic Activity, 2, 365-412.

Taylor, Lance (1998) “Capital market crises: liberalisation, fixed exchange rates and market-driven destabilization” in Cambridge Journal of Economics, vol. 22, 663-676.

 

Economics and Management of Innovation

Giovanni DosiProfessor Giovanni Dosi
Curriculum Vitae
(The course will be taught in English)
August 19, 20, 21, 22 and 26
17h00 às 20h00

Espaço FINEP – Praia do Flamengo, 200 – Pilotis
Rio de Janeiro/RJ


Readings Download
An evolutionary theory of economic change.
Technological paradigms and technological trajectories
Interpreting Economic Change: Evolution, Structures and Games
Technical Change and Industrial Dynamics as Evolutionary Processes
The Evolution of Technology within a Simple Computer Model
Sectoral patterns of technical change: Towards a taxonomy and a theory
Statistical Regularities in the Evolution of Industries. A Guide through some Evidence and Challenges for the Theory

Core and background readings
Dosi G. (1982), ‘Technological Paradigms and Technological Trajectories. A Suggested Interpretation of the Determinants and Directions of Technical Change’, Research Policy

Dosi G. and R.R. Nelson (2010), “Technical Change and Industrial Dynamics as Evolutionary Processes, In B.H. Hall and N. Rosenberg: Handbook of the Economics of Innovation- Vol-I, Burlington: Academic Press, pp. 51-128

Pavitt K. (1984), ‘Patterns of Technical Change: Toward a Taxonomy and a Theory’, Research Policy

Dosi G., S.G. Winter (2002), ‘Interpreting economic change: evolution, structures and games’, in M. Augier and J. March (eds.) The Economics of Choice, Change and Organizations: Essays in Memory of Richard M. Cyert, Edward Elgar

Nelson R., Winter S. (1982), An Evolutionary Theory of Economic Change, Harvard Univ. Press, Parts I to IV

Dosi G. (2007), Statistical Regularities in the Evolution of Industries. A Guide through some Evidence and Challenges for the Theory, in F. Malerba and S. Brusoni (eds.) Perspectives on Innovation, Cambridge U.P.

Dosi G., O. Marsili, L. Orsenigo, R. Salvatore (1995), ‘Learning, Market Selection and The Evolution of Industrial Structures’, Small Business Economics


Restoring Productive Banking and Finance: From Exclusion and Crisis to Re-Regulation

Gary DymskiProfessor Gary Dymski
Curriculum Vitae

(The course will be taught in English)
August 27, 28, 29, 30 and September 2
17h00 às 20h00

Espaço FINEP – Praia do Flamengo, 200 – Pilotis
Rio de Janeiro/RJ


Readings Download
Class 1
The Pure Theory of Country Risk
How Did Economists Get It So Wrong?
Uncertainty and the Institutional Structure of Capitalist Economies
“Economia de bolha” e crise financeira no Leste Asiático e na Califórnia: uma perspectiva espacializada de Minsky
Banking in the Theory of Finance
How Much Do We Really Know about Growth and Finance?
What happened to Asia?

Class 2
Exclusão e Eficiência: A Transformação Global do Core Banking, um Estudo de Caso sobre o Brasil
Why the subprime crisis is different: a Minskyian approach
Financial Globalization, Social Exclusion and Financial Crisis
The Crisis of the Core Seen through the Eyes of the Periphery: A Schelling Model of the Global-South Megacity and
the European Crisis


Class 3
Managing Financial Risks: From Global to Local
As transformações no sistema financeiro internacional
Government and Markets
Hedge Funds and the Technology Bubble
Liquidity and Leverage
Carry Trades and Currency Crashes
The Leverage Cycle
Securitized Banking and the Run on Repo
Bank Credit Cycles
Consumer Protection as Systemic Safety
Why Are There So Many Banking Crises?
Capital Requirements and the Behavior of Commercial Banks

Class 4
Microfinance and the Illusion of Development: from Hubris to Nemesis in Thirty Years
The Financialization of Micro-Credit
BNDES’ Contribution to Brazilian Industrialization, from 1952 to present-day
What Do Development Banks Do? Evidence from Brazil, 2002-2009
Society, community, and development: a tale of two regions
The Age of Microfinance: Destroying Latin American Economies from the Bottom Up
Can Relationship Banking Survive the Spanish Economic Crisis?
The Economic Consequences of the Bank Bailouts: Parallels and Discontinuities between the 1920s and Today
Central Banks, Financial Systems and Economic Development
Global Survey of Development Banks
Introduction: the role of central banks in economic development with an emphasis on the recent Argentinean experience
Developmental central banking: winning the future by updating a page from the past
The Microfinance Illusion

Class 5
‘Two or three things I know about her’: Europe in the global crisis and heterodox economics
Reconstructing the eurozone: the role of EU social policy
Financial Regulation: A New Fortress Europe
What Kind of European Banking Union?
Prospects for the eurozone
Revisiting Latin America’s debt crisis: some lessons for the periphery of the eurozone
Economic relations between Germany and southern Europe
International credit, financial integration and the euro
A Modest Proposal for Resolving the Eurozone Crisis, Version 4.0
The Black Ghetto as Colony: A Theoretical Critique and Alternative Formulation
Marxian Exploitation and Domestic Colonialism: A Reply to Donald J. Harris
Ghetto Economic Development: A Survey
Marxian Exploitation and Domestic Colonialism: A Reply to Donald J. Harris
What Happened to Black Economica Development?
Economic Theory and Racial Economic Inequality
Social Problems Format Change Beginning with the Summer, 1969 Issue
Ghetto Development, Community Corporations, and Public Policy
Development as Social Inclusion: Reflections on the US subprime crisis
A Cidade Com-Fusa: a Mão Inoxidável do Mercado e a Produção da Estrutura Urbana nas Grandes Metrópoles
Latino-Americanas

Ten ways to see a favela: Notes on the political economy of the new city
Favela como montagem: compreendendo a dinâmica e heterogeneidade
Favelas: As formas de ver definem as formas de intervir
Favelas e políticas públicas: comentários a uma análise comparada Brasil/Estados Unidos
La teoría económica de la favela: cuatro notas sobre la localización residencial de los pobres y el mercado imobiliario informal
Mobilidade Residencial na Cidade do Rio de Janeiro: considerações sobre os Setores Formal e Informal no Mercado Imobiliário
Alleviating Urban Poverty in a Global City: New Trends in Upgrading Rio-de-Janeiro' Favelas
The favela and its touristic transits
Democracy and Growth in Brazil
The 21st-Century Metropolis: New Geographies of Theory

The below readings, divided into “required” and “supplemental” portions, will guide class lectures and discussions. Further details will be discussed in class. Portuguese readings are available in English.

Class 1: Financial Instability and Financial Crises in the Neoliberal World
Required reading:
Eaton, Jonathan, Mark Gersovitz, and Joseph Stiglitz, "The Pure Theory of Country Risk," European Economic Review 30, 1986: 481-513.
Minsky, Hyman, “The Evolution of Financial Institutions and the Performance of the Economy,”Journal of Economic Issues 20:2, June 1996.
Krugman, Paul, “How Did Economists Get It So Wrong?” New York Times, September 6, 2009.
Dymski, Gary, “ ‘Economia de bolha’ e crise financeira no Leste Asiático e na Califórnia: uma perspectiva espacializada de Minsky,” Economia e Sociedade 11: 73-136, dez. 1998.

Supplemental reading:
Fama, Eugene, “Banking in the Theory of Finance” Journal of Monetary Economics 6, 1980: 39-57.
Wachtel, Paul, “How Much Do We Really Know About Growth and Finance?” Economic Review, First Quarter 2003. Atlanta: Federal Reserve Bank of Atlanta: 33-47.
Krugman, Paul, “What Happened to Asia?” mimeo, Dept. of Economics, MIT, January 1998.

 

Class 2: Why the US Sub-Prime Crisis was Different, and why Brazil may be “Different” too: Inequality, Financial Inclusion, Real-Estate Bubbles, and Financial Fragility
Required reading:
Dymski, Gary, “Exclusão e Eficiência: A Transformação Global do Core Banking, um Estudo de Caso sobre o Brasil,” Chapter 11 in Eficiência Do Sistema Financeiro: Avaliando a Funcionalidade do Setor Bancário Brasileiro, edited by Luiz Fernando de Paula e José Luís Oreiro. São Paulo: Editora Campus/Elsevier, 2006.
Dymski, Gary, “Why the Subprime Crisis is Different: A Minskyian Approach,” Cambridge Journal of Economics, 34(3), March 2010, Pp. 239-55.

Supplemental reading:
Dymski, Gary, “Financial Globalization, Social Exclusion, and Financial Crisis,” International Review of Applied Economics 19(4), October 2005: 441-459.
Dymski, Gary, “The Crisis of the Core Seen through the Eyes of the Periphery: A Schelling Model of the Global-South Megacity and the European Crisis,” Panoeconomicus, 4, 2013: 433-455.

 

Class 3: Banking and Financial Regulation in the Era of Megabanks and Shadow Banking
Required reading:
Dymski, Gary A., “Financial Risk and Governance in the Neoliberal Era,” in Managing Financial Risks, ed. Gordon L. Clark, Adam Dixon, and Ashby Monk. Oxford Univ. Press, 2010.
Dymski, Gary, “O Gênio Fora da Garrafa: A Evolução da Política Too Big To Fail e a Estratégia Bancária dos Estados Unidos,” in As transformações no sistema financeiro internacional.Organizadores: Marcos Antonio Macedo Cintra, Keiti da Rocha Gomes.- Brasília: Instituto de Pesquisa Econômica Aplicada (IPEA), 2012: 177-244.
Stiglitz, Joseph E., “Government Failure vs. Market Failure: Principles of Regulation,” in Government and Markets: Toward A New Theory of Regulation. Edited by Edward Balleisen and David Moss. Cambridge: Cambridge University Press, 2010: 13-51.
Brunnermeier, Markus K., and Stefan Nagel, “Hedge Funds and the Technology Bubble,” Journal of Finance 59(5), October 2004: 2013-40.

Supplemental reading:
Adrian, Tobias, and Hyun Song Shin, “Liquidity and Leverage,” Staff Report No. 328, Federal Reserve Bank of New York Staff Reports, January 2009.
Brunnermeier, Markus K., and Lasse Heje Pedersen, “Market Liquidity and Funding Liquidity,”Review of Financial Studies 22(6), June 2009: 2201-38.
Geanakoplos, John, “The Leverage Cycle,” Cowles Foundation Discussion Paper No. 1715,Cowles Foundation for Research in Economics, Yale University, July 2009.
Gary Gorton and Andrew Metrick, “Securitized Banking and the Run on Repo,” Yale ICF Working Paper No. 09-14, November 13, 2009.
Gorton, Gary, and Ping He, “Bank Credit Cycles,” NBER Working Paper No. 11363, Cambridge, MA: National Bureau of Economic Research, May 2005.
Warren, Elizabeth, “Redesigning Regulation: A Case Study from the Consumer Credit Market,” in Government and Markets: Toward A New Theory of Regulation. Edited by Edward Balleisen and David Moss. Cambridge: Cambridge University Press, 2010.
Pp. 391-418.
Rochet, Jean-Charles, Why are There So Many Banking Crises? The Politics and Policy of Bank Regulation. Cambridge: MIT Press, 2009. Chapters 1-3, 8-10.

 

Class 4: Restoring Functional National Banking Systems: Bottom-Up and Top-Down Approaches
Required reading:
Bateman, Milford, and Ha-Joon Chang, “Microfinance and the Illusion of Development: from Hubris to Nemesis in Thirty Years,” World Economic Review 1(1), 2012: 13-36.
Aitken, Rob, “The Financialization of Micro-Credit,” Development and Change 44(3), 2013: 473-99.
Luna, Victor Isidro, “BNDES’ Contribution to Brazilian Industrialization, from 1952 to presentday,” Discussion Paper N. 42, Research on Money and Finance, July 2013. School of Oriental and African Studies, University of London. Accessed at
http://www.researchonmoneyandfinance.org/.
Lazzarini, Sérgio G., Aldo Musacchio, Rodrigo Bandeira-de-Mello, and Rosilene Marcon, “What Do Development Banks Do? Evidence from Brazil, 2002-2009,” April 27, 2012. Available at SSRN: http://ssrn.com/abstract=1969843
Storper, Michael, Lavinas, Lena and Mercado-Célis, Alejandro, Society, Community, and Development: A Tale of Two Regions,” In The Economic Geography of Innovation, edited by Karen R. Polenske. Cambridge: Cambridge University Press, 2007: 310-339.

Supplemental reading:
Bateman, Milford, “The Age of Microfinance: Destroying Latin American Economies from the Bottom Up,” forthcoming in Ola Financiera, May, 2013.
Dymski, Gary, “Can Relationship Banking Survive the Spanish Economic Crisis?” Forthcoming, Economiaz, July 16, 2013.
Dymski, Gary, “The Economic Consequences of the Bank Bailouts: Parallels and Discontinuities between the 1920s and Today,” Submitted, Cambridge Journal of Economics, July 5, 2013.
Ferraz, Joao Carlos, Vice President, BNDES, “The Experience of Development Banks,”powerpoint presentation, 2012 Money and Banking Conference, Buenos Aires.
Luna-Martinez, De, and Carlos Leonardo Vicente. "Global Survey of Development Banks." World Bank Policy Research Working Paper 5969 (2012).
Marcó del Pont, Mercedes, “Introduction: the Role of Central Banks in Economic Development with an Emphasis on the Recent Argentinean Experience,” Review of Keynesian Economics 1(3), Autumn 2013: 267-72.
Epstein, Gerald, “Developmental central banking: Winning the Future by Updating a Page from the Past,” Review of Keynesian Economics 1(3), Autumn 2013: 273-87.

 

Class 5: Restoring Functional Banking Systems: Challenges of Inclusive Development
Part 1: Europe – A Crisis of Imbalances, Transfers, and Undefined Citizen Rights
Required reading:
Bellofiore, Riccardo, “ ‘Two or Three Things I Know about Her’: Europe in the Global Crisis and Heterodox Economics,” Cambridge Journal of Economics 37, 2013: 497-512.
Grahl, John, and Paul Teague, “Reconstructing the Eurozone: the Role of EU Social Policy,” Cambridge Journal of Economics 37, 2013: 677-92.
Veron, Nicolas, “Financial Regulation: A New Fortress Europe?” Brussels: Bruegel, February 2010.

Supplemental reading:
Pisani-Ferry, Jean, André Sapir, Nicolas Véron, and Guntram B. Wolff, “What Kind of European Banking Union?” Brussels: Bruegel, June 25, 2012.
Blankenburg, Stephanie, Lawrence King, Sue Konzelmann and Frank Wilkinson, “Prospects for the Eurozone,” Cambridge Journal of Economics 37, 2013: 463-77.
Capraro, Santiago, and Ignacio Perrotini, “Revisiting Latin America’s Debt Crisis: Some Lessons for the Periphery of the Eurozone,” Cambridge Journal of Economics 37, 2013: 627-51.
Simonazzi, Annamaria, Andrea Ginzburg and Gianluigi Nocella, “Economic Relations between Germany and Southern Europe,” Cambridge Journal of Economics 37, 2013: 653-75.
Toporowski, Jan, “International Credit, Financial Integration and the Euro,” Cambridge Journal of Economics 37, 2013: 571-84.
Varoufakis, Yanis, Stuart Holland, and James Galbraith, “A Modest Proposal for Resolving the Eurozone Crisis, Version 4.0,” July 2013. Accessed at http://yanisvaroufakis.eu/.

Part 2: The US - Black Economic Development and the “Internal Colony” Debate
Required reading:
Harris, Donald J., “The Black Ghetto as Colony: A Theoretical Critique and Alternative Formulation,” The Review of Black Political Economy 2(4), 1972: 3-33.
Tabb, William K., “Marxian Exploitation and Domestic Colonialism: A Reply to Donald J.
Harris,” The Review of Black Political Economy 4(4), 1974: 69-87.
Harrison, Bennett, “Ghetto Economic Development: A Survey,” Journal of Economic Literature 12(1), 1974: 1-37.

Supplemental reading:
Harris, Donald J., “Marxian Exploitation and Domestic Colonialism: A Reply,” The Review of Black Political Economy 4(4), 1974:
88-90.
Tabb, William K., “What Happened to Black Economic Development?” The Review of Black Political Economy 9(4), 1979: 392-415.
Darity, William. "Economic Theory and Racial Economic Inequality." The Review of Black Political Economy 5.3 (1975): 225-248.
Tabb, William K. The Political Economy of the Black Ghetto. New York: Norton, 1970.
Blauner, Robert, “Internal Colonialism and Ghetto Revolt,” Social Problems 16(4), Spring 1969: 393-408.
Vietorisz, Thomas, and Bennett Harrison. "Ghetto Development, Community Corporations, and Public Policy,” The Review of Black Political Economy 2(1), 1971: 28-43.
Dymski, Gary, “Development as Social Inclusion: Reflections on the US Subprime Crisis,” Development 53(3), 2010: 368-75.

Part 3: Brazil: Favelas and the Future of Brazilian Cities and Citizens
Required reading:
Abramo, Pedro. "A cidade com-fusa: a mão inoxidável do mercado ea produção da estrutura urbana nas grandes metrópoles latino-americanas." Revista Brasileira de Estudos Urbanos e Regionais 9(2), 2011: 25-54.
Dymski, Gary, “Ten ways to see a favela: Notes on the political economy of the new city,” Revista Econômica 13(1), Rio de Janeiro, junho 2011: 7-36.
Boff, Emmanuel de Oliveira, “Favela como montagem: compreendendo a dinâmica e heterogeneidade,” Revista Econômica 13(1), Rio de Janeiro, junho 2011: 37-46.
de Souza e Silva, Jailson, “Favelas: As formas de ver definem as formas de intervir,” Revista Econômica 13(1), Rio de Janeiro, junho 2011: 47-57.
Cavallieri, Fernando, “Favelas e políticas públicas: comentários a uma análise comparada Brasil/Estados Unidos,” Revista Econômica 13(1), Rio de Janeiro, junho 2011: 58-69.

Recommended reading:
Abramo, Pedro, “La teoría económica de la favela: cuatro notas sobre la localización residencial de los pobres y el mercado inmobiliario informal,” CIUDAD y TERRITORIOS: Estudios territoriales 35, no. 136-137, verano-otono 2003.
Abramo, Pedro, and Teresa Cristina Faria. "Mobilidade residencial na cidade do Rio de Janeiro: considerações sobre os setores formal e informal do mercado imobiliário." Trabalho apresentado no XI Encontro Nacional de Estudos Populacionais da ABEP, Caxambu, 1998.
Pamuk, Ayse, and Paulo Fernando A. Cavallieri. "Alleviating urban poverty in a global city: new trends in upgrading Rio-de-Janeiro’s favelas." Habitat International 22(4), 1998: 449-462.
Freire-Medeiros, Bianca. "The favela and its touristic transits." Geoforum 40(4), 2009: 580-588.
Lisboa, Marcos de Barros, and Zeina Abdel Latif, “Democracy and Growth in Brazil,” Insper Working Paper WPE: 311/2013. Instituto de Ensino e Pesquisa, São Paulo, July 2013.
Roy, Ananya, “The 21st Century Metropolis: New Geographies of Theory,” Regional Studies 43(6), July 2009: 819-30.
Abramo, Pedro. A cidade caleidoscópica. Bertrand, Rio de Janeiro, 2001.
Abramo, Pedro. Mercado e ordem urbana: do caos à teoria da localização residencial. Bertrand Brasil, 2001.
Abramo, Pedro, “A cidade da informalidade,” O desafio das cidades latino-americanas. Rio de Janeiro, Editor: Sette Letras, 2003.

Readings Download

The Pure Theory of Country Risk

How Did Economists Get It So Wrong?

Uncertainty and the Institutional Structure of Capitalist Economies

“Economia de bolha” e crise financeira no Leste Asiático e na Califórnia: uma perspectiva espacializada de Minsky