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Digitalização, globalização e capital financeiro hipermóvel

Barney Warf

Resumo


Desde o fim do século XX, e com a revolução da microeletrônica, o capital tornou-se completamente digitalizado, movendo-se sem esforço por todo o mundo por meio de sistemas eletrônicos de transferência de fundos (EFTS). Este artigo apresenta o aumento do dinheiro eletrônico desde o colapso do sistema regulatório de Bretton-Woods, na década de 1970, e a mudança para fundos extremamente móveis que circulam por cabos de fibra óptica. Em segundo lugar, examina alguns dos maiores sistemas EFTS do mundo e seus impactos em diferentes tipos de mercados de capitais. A terceira parte discute a forma como o dinheiro digital enfraqueceu as regulações financeiras nacionais impostas pelos Estados-nação. Por fim, a quarta seção analisa o papel dos EFTS no crescimento dos centros bancários offshore.


Palavras-chave


Acordo de Bretton-Woods. Mercados de capitais. Sistemas eletrônicos de transferência de fundos. Câmbio. Sistema bancário offshore. Sistema de liquidação bruta em tempo real.

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DOI: http://dx.doi.org/10.11606/issn.2179-0892.geousp.2017.135154

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