Beny Parnes
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Beny Parnes
Beny Parnes (born May 24, 1959) is a Brazilian economist, former Director for International Affairs of the Central Bank of Brazil. He was married to Patrícia Carlos de Andrade, with whom he had three children. Academic life Parnes graduated in economics in the early 1980s at the Pontifical Catholic University of Rio de Janeiro, where he was a colleague of Armínio Fraga ( BC's president between 1999 and 2002). From 1986 to 1987, he got his master's degree in economics from the same institution, and then went with his family to the United States, where he earned a doctorate at the University of Pennsylvania, specializing in macroeconomics and international finances. Career Upon returning to Brazil in 1991, Parnes went working to the BBM Bank of Rio de Janeiro. From 1994 to 1995 he was employee of the Matrix Bank, but then returned to BBM. On November 27, 2001, he was invited by Armínio Fraga to become Director for International Affairs of the Central Bank of Brazil (a posit ...
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Economic Liberalism
Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism. Economic liberalism is associated with markets and private ownership of capital assets. Economic liberals tend to oppose government intervention and protectionism in the market economy when it inhibits free trade and competition, but tend to support government intervention where it protects property rights, opens new markets or funds market growth, and resolves market failures. An economy that is managed according to these precepts may be described as a liberal economy or oper ...
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