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Brazil has one of the world's fastest growing economies and a fascinating history underpinning its evolution. This book presents an analysis of the state's role in monetary policy, from the latter days of Portuguese rule, to the present day. Based on a variety of unknown archival sources, this study offers an alternative explanation for the rise and fall of Brazilian currencies.

Monetary statecraft is a theory that accounts for the open ended, autonomous character of politics, the complex, recursive phases of public policy, and political development in the traditional sense of...

While many comparative analysts see parliamentary government as essential for stable democracy, this volume argues that the American presidential system that separates and diffuses power can provide new perspectives for those building democratic institutions in Latin America, Eastern Europe, and the new republics of the former Soviet Union. The authors recognize risks of rigidity, gridlock, and excessive centralization in presidential institutions. But they also emphasize the unexpected levels of legislative productivity during periods of divided government, the dramatic reversal of...