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Pix 2.0, entre inclusão e a concorrência global
A comunidade internacional precisa ter clareza sobre os limites do poder público na persecução de objetivos legítimos como estabilidade,...

Jeff Alvares
9 de out.4 min de leitura


Brazil’s Pix and the Geopolitics of Digital Payments
A smartphone screen in Sao Paulo, Brazil, on July 16, 2025, shows a banking app with options for PIX, which is an instant electronic...

Jeff Alvares
26 de set.5 min de leitura


Institutionalizing Monetary Dominance: Lessons from Brazil’s Legal Framework
Brazil’s model demonstrates that monetary dominance as a binding legal reality requires institutions willing to defend it. By Jefferson...

Jeff Alvares
12 de set.4 min de leitura


Stablecoins Risk Repeating the Old Mistakes of Banking
Backing stablecoins with bank deposits risks replicating the same maturity transformation that makes banking inherently unstable,...

Jeff Alvares
2 de set.4 min de leitura


Brazil’s Currency Retreat and the Fragility of Multilateral Rules
Having pledged to eliminate the Financial Operations Tax (IOF) on foreign exchange transactions by 2029, Brazil’s reversal violates its...

Jeff Alvares
28 de ago.4 min de leitura


Lastro bancário é a armadilha das stablecoins
Na Era da Banca Livre nos Estados Unidos (1837-1863), os bancos privados podiam emitir as suas próprias notas de dólar, gerando um...

Jeff Alvares
21 de ago.4 min de leitura
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