Edmar Bacha

Edmar Lisboa Bacha (2016)

Edmar Lisboa Bacha (born February 14, 1942 in Lambari , Minas Gerais ) is a Brazilian economist and writer who with O Rei da Belíndia in 1974 created a fabulous country and symbol of Brazil. Between 1985 and 1986 he was President of the Institute for Geography and Statistics ( Instituto Brasileiro de Geografia e Estatística ) . In 1994 he was co-creator of the Plano Real , a set of measures that were taken to stabilize the Brazilian economy in early 1994, and, among other things, between January and November 1995 he was president of the Brazilian development bank BNDES. In 2012, Belíndia 2.0 appeared with fables and essays on a land of contrasts. He has been a member of the Academia Brasileira de Letras (ABL) since 2016 . With his book A crise fiscal e monetária Brasileira , he reached 2nd place at the Prêmio Jabuti de Literatura in 2017 in the category “Economia, Administração, Negócios, Turismo, Hotelaria e Lazer”.

Life

Studies, doctorate and university lecturer

Edmar Lisboa Bacha attended the João Braulio Junior elementary school in his native Lambari from 1948 to 1951 and the Colégio Santo Antônio in Belo Horizonte between 1952 and 1959 . He then began in 1960 to study at the Faculty of Economics of the Universidade Federal de Minas Gerais (UFMG), which he completed in 1963 with a Bachelor (Bacharelado em Ciências Econômicas) . After further training from January to July 1964 at the advanced training center for economists (Centro de Aperfeiçoamento de Economistas) of the Foundation Fundação Getúlio Vargas , named after the long-time President Getúlio Vargas , he began postgraduate studies in economics at Yale University , which he obtained in 1965 with a Master of Arts (MA Economy) and a Master of Philosophy (M.Phil.) Degree in 1966 . In 1968 he also obtained a Doctor of Philosophy ( Ph.D. ) from Yale University with the dissertation An econometric model for the world coffee economy: the impact of Brazilian price policy , in which he deals with an economic model for the coffee industry and its effects dealt with the Brazilian pricing policy .

Bacha then worked from September 1968 to August 1969, first as an Associate Research Scientist at the Center for International Studies of the Massachusetts Institute of Technology (MIT), and after his return to Brazil, from December 1969 to September 1971, took over a professorship at the Postgraduate School for Economics in Rio de France Janeiro as well as a research position at the local Institute for Economics IBE (Instituto Brasileiro de Economia) . From 1970 to 1971 he also worked as a technical consultant for planning and research at the research institute of the Institute for Economic and Social Planning INPES (Instituto de Planejamento Econômico e Socia) . In 1972 he took over a professorship for economics at the Universidade de Brasília (UnB), where he taught until 1978. In 1974 he created a fabulous country and symbol of Brazil with O Rei da Belíndia . During this time he also held a visiting professorship at Harvard University from August 1975 to December 1977 and was Professor of Economics at the Pontifical Catholic University of Rio de Janeiro PUC / RJ (Pontifícia Universidade Católica do Rio de Janeiro) from 1979 to 1993 . In addition, he was visiting professor at Columbia University (1983 to 1984) and Yale University (1984). He acted as the successor to Jessé de Souza Montello between May 1985 and his replacement by Edson de Oliveira Nunes in November 1986 as President of the Institute for Geography and Statistics ( Instituto Brasileiro de Geografia e Estatística ) and was also a visiting professor at the University of California, Berkeley and Stanford University (1988 to 1989).

Collaboration on Plano Real , President of the BNDES and member of the ABL

In June 1993, Edmar Bacha became special advisor to the Ministry of Finance for the introduction of the Plano Real , a set of measures taken to stabilize the Brazilian economy . On this economic plan under the direction of Finance Minister Fernando Henrique Cardoso in the government of President Itamar Franco , he worked with other scientists such as Pérsio Arida , André Lara Resende , Gustavo Franco , Pedro Malan , Winston Fritsch and Francisco Pinto until December 1994. At the same time he took over a professorship at the Faculty of Economics and Administration at the Universidade Federal do Rio de Janeiro (UFJR) in September 1993 , where he taught until July 1997. In January 1995 he replaced Pérsio Arida as President of the Brazilian Development Bank BNDES (Banco Nacional de Desenvolvimento Econômico e Social) and held this position until November 1995, when Luiz Carlos Mendonça de Barros succeeded him.

From April 1996 to December 2010, Bacha was a senior advisor at the investment bank Banco Itaú and from August 1998 to July 2000 he was also president of the securities industry at the investment bank BBA, and from September 2000 to June 2003 he was president of the national association of investment banks ANBID (Associação Nacional de Bancos de Investimento) , from which the current association of financial and capital market companies ANBIMA (Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais) emerged . He was also a member of the Board of Directors of Banco Itaú between 2003 and 2008.

Edmar Lisboa Bacha has been the founding director of the Institute for Economic Policy Studies (Instituto de Estudos de Política Econômica da Casa das Garças) , a think tank based in Rio de Janeiro, since August 2003 . In addition, he became a member of the Brazilian Academy of Sciences (Academia Brasileira de Ciências) in December 2010 . In 2012, Belíndia 2.0 appeared with fables and essays on a land of contrasts. As the successor to Evaristo de Morais Filho, he has also been a member of the Academia Brasileira de Letras (ABL) since November 3, 2016 , in which he has the 40th seat named after José Mará da Silva Paranhos . In 2017 he was awarded the Prêmio Jabuti de Literatura for his book A crise fiscal e monetária Brasileira .

His marriage to Maria Laura Viveiros de Castro Cavalcanti resulted in two sons and two daughters.

Publications

• Análise Governamental de Projetos de Investimento no Brasil , co-authors Aloísio Barbosa Araújo, Milton da Mata and Ruy Modenesi, Rio de Janeiro 1971
• Encargos Trabalhistas e Absorção de Mão-de-Obra no Brasil , co-authors Milton da Mata and Ruy Modenesi, Rio de Janeiro 1972
• Sobre a dinâmica de crescimento da economia industrial subdesenvolvida , Brasília 1973
• Os Mitos de uma Década: Ensaios de Economia Brasileira , Rio de Janeiro 1976
• La curva de Kuznets y algo más. Crecimiento y cambios en las desigualdades , Santiago de Chile 1977
• Participação, Salário e Voto: Um Projeto de Democracia para o Brasil , co-author Roberto Mangabeira Unger, Rio de Janeiro 1978
• Política Econômica e Distribuição de Renda , Rio de Janeiro 1978
• Introdução à Macroeconomia: Uma Perspectiva Brasileira , Rio de Janeiro 1982
• Análise Macroeconômica: um Texto Intermediário , Rio de Janeiro 1982
• Abertura Financeira ao Exterior. Perspectivas latino-americanas , Rio de Janeiro 1983
• El Milagro y la Crisis: Economia Brasileña y Latinoamericana , Mexico City 1986
• A transicao Incomplete. Brasil desde 1945 , co-author Herbert S. Klein, Rio de Janeiro 1986
• De espaldas a la prosperidad. América Latina y la economía internacional a fines de los ochenta , co-author Roberto Bouzas, Buenos Aires 1989
• 150 Anos de Café , co-author Robert Greenhill, Rio de Janeiro 1993
• Brazil. Desafios de um país em transformação , co-author João Paulo dos Reis Velloso. Rio de Janeiro 1997
• Mercado de capitais e crescimento econômico. Lições internacionais, desafios brasileiros , Rio de Janeiro 2005
• Como reactir à crise? Políticas econômicas para o Brasil , co-authors Pedro S. Malan and Ilan Goldfajn, Rio de Janeiro 2009
• Belíndia 2.0: Fábulas e Ensaios sobre o País dos Contrastes , Rio de Janeiro 2012
• A crise fiscal e monetária Brasileira , 2017

in English

• The unequalizing spiral. A first growth model for Belindia , Brasília 1973
• Distribution and growth in Belindia. A structuralist synthesis , Brasília 1974
• Recent Brazilian economic growth and some of its main problems , Brasília 1975
• Models of Growth and Distribution for Brazil , co-authors Lance Taylor, Eliana Cardoso and Frank Lysy, New York City 1980
• International financial intermediation. A long and tropical view , Princeton 1982
• Vicissitudes of recent stabilization attempts in Brazil and the IMF alternative , Rio de Janeiro 1982
• Essays on Brazilian Growth, Wages and Poverty , Santiago, Chile 1983
• Social change in Brazil, 1945–1985. The incomplete transition , co-author Herbert S. Klein, Albuquerque 1989
• Savings and investment requirements for the resumption of growth in Latin America , Washington, DC 1993
• Economics in a Changing World: Development, Trade and the Environment. Proceedings of the Tenth World Congress of the International Economic Association , 1994
• Brasil: A Nova Agenda Social , co-author Simon Schwartzman, 2011

Web links

• Literature by and about Edmar Bacha in the catalog of the German National Library
• Entry on the homepage of the Academia Brasileira de Letras
• Entry in Open Library