Law and International Relations: An Essay on Possible Theoretical Solutions for the Economic Consequences to Brazil Resulting from the Monetary Policy Adopted by the United States During the Height of the International Financial Crisis in 2008

Abstract

In 2008, the Federal Reserve issued a monetary policy known as Quantitative Easing plan (“American Monetary Policy”), a plan for monetary easing as an attempt to block a deflation in the United States. This measure not only impacted the American economy, but also strongly affected the economy of Brazil and other countries, triggering negative effects to international commerce, to the balance of payments and to the international monetary system. Considering this scenario, this paper aims to launch the basis for the discussion of the side effects of the American Monetary Policy and the ways to mitigate such negative effects trough the law and theories of the International Relations.