Brazil

M. Lossani, Luigi Ruggerone and M. Zaninelli

Chapter 5 in Emerging Banking Systems, 2009, pp 101-125 from Palgrave Macmillan

Abstract: Abstract After the lost decade of the 1980s the Brazilian economy seemed to be trapped into a vicious circle, made of severe domestic macroeconomic imbalances and high-frequency external shocks. In 1994 the adoption of the Real Plan signed the end of a relatively long period of very high and unstable inflation due to undisciplined fiscal and monetary policies. At the beginning of the new millennium, Brazil is rightly considered an economic system very different from the one existing in the early 1980s. The reduction of several (external and domestic) sources of vulnerabilities has been associated with a substantial improvement of fiscal and monetary policy management and the resumption of economic growth.

Keywords: Interest Rate; Monetary Policy; Banking System; Public Debt; Credit Union (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-58434-1_5

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DOI: 10.1057/9780230584341_5

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