Abstract

The seminar aims to reassess the concept of monetary sovereignty taking into account the dynamics of the current international monetary and financial system (IMFS) featured by a currency hierarchy (with the flexible and fiduciary dollar at the top) and the so called financial globalization.. Firstly, we will present and compare the concepts of monetary sovereignty available in the literature not only of economics (mainstream and heterodoxy), but also of International Political Economy (EPE). Secondly, we will make a critical appraisal of these concepts and discuss their suitability to the current IMFS .

Daniela Magalhães Prates is Associate Professor at the Institute of Economics of the University of Campinas and researcher at the Brazilian National Council for Scientific and Technological Development (CNPq). She has published many papers in academic journals (such as Journal of Post Keynesian Economics, International Review of Applied Economics, ECLAC Review and Monthly Review) and book chapters on her main areas of research, which include, mainly: International Economics and Open Macroeconomics with focus on Emerging Economies.