Some principles for the reform of the national financial system

Edmar L. Bacha ()

Brazilian Journal of Political Economy, 1991, vol. 11, issue 1, 127-134

Abstract: Six possible reasons for government intervention in financial markets are evaluated:control of the money supply, avoidance of financial crises, credit targeting, contentionof the bank oligopoly, restrictions to foreign capital, and use of exclusive financial agents forpublic sector loans and deposits. This evaluation is based on the Brazilian experience, as wellas that of some other countries. A discussion is also included of the controversial question ofthe Constitutional limits on interest rates. JEL Classification: G38

Keywords: Regulation; financial system (search for similar items in EconPapers)
Date: 1991
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