Introduction

John H. Welch
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John H. Welch: Federal Reserve Bank of Dallas

A chapter in Capital Markets in the Development Process, 1993, pp 1-15 from Palgrave Macmillan

Abstract: Abstract Brazil has actively pursued and achieved significant financial development since 1964. Tables I.1–I.3 confirm this proposition in a general way, showing that the ratio of financial institution assets to GNP rose from 0.53 in 1956 to 1.11 in 1976. Further, total non-monetary assets as a proportion of GDP increased from 0.2% in 1961 to 25% in 1984. Not only has the quantity of financial assets grown but so has the quality, as should become evident in this study.

Keywords: Interest Rate; Inflation Rate; Commercial Bank; Money Supply; Real Interest Rate (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11211-1_1

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DOI: 10.1007/978-1-349-11211-1_1

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