Um aspecto da política econômica do milagre brasileiro: a política de mercado de capitais e a bolha especulativa 1969-1971

摘要

This article aims to contribute to the literature on the Brazilian capital market policy implemented during the military dictatorship, examining an unexplored chapter, that related to its main aspects and results observed during the so-called Brazilian miracle (1968-1973). During those years an impressive growth cycle occurred as well as an exuberant bubble in the stock market (in its initial phase interpreted by the authorities as a clear signal of the correctness and success of the regime's economic policy). The end of the bubble led to a prolonged stagnation in the stock market, which never resumed during the 70s despite the many successive efforts by the economic policy to revitalize it.