The relation between the FED and the treasury towards threats to the dollar: the financial crisis in 2008-09 and the debt deadlock in 2011

• Grant number: 13/10863-6
• Support type: Scholarships in Brazil - Master
• Effective date (Start): March 01, 2014
• Effective date (End): August 31, 2015
• Field of knowledge: Applied Social Sciences - Economics - Fiscal and Monetary Policies
• Principal researcher: Maria Antonieta Del Tedesco Lins
• Grantee: Daniele Oliveira Gave
• Home Institution: Instituto de Relações Internacionais (IRI). Universidade de São Paulo (USP). São Paulo , SP, Brazil

Abstract

This research aims at analyzing the mechanics of the internal political processes of the Federal Reserve System and its interaction with the U.S. Department of Treasury at the height of 2008-09 global financial crisis and the deadlock concerning the debt ceiling raise on 2011. Based on the discussions regarding the political perspectives of the monetary international relations, this study expects to comprehend how the American government organized itself internally in order to employ huge efforts in the economic area confronting two cases of extreme instability. The hypothesis under investigation by this work is that the relations between these two institutions was only possible once they perceived that the international position of the dollar was at risk. That´s because both episodes illustrated the vulnerability of the international monetary system, raising doubts about the capacity of the United States in leading, coordinating, and applying the necessary actions to guarantee the stability of this system. (AU)

Academic Publications

(References retrieved automatically from State of São Paulo Research Institutions)

GAVE, Daniele Oliveira. The Interaction among the Federal Reserve and the Treasury between the height of the global financial crisis and the deadlock around the debt ceiling raise, 2008-2011. 2015. Master's Dissertation - Universidade de São Paulo (USP). Instituto de Relações Internacionais (IRI) São Paulo.