Brazil: Financial System Stability Assessment

International Monetary Fund

No 2012/206, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper discusses the stability of Brazil's financial system, which is diversified and shows sustained economic progress. Fiscal and monetary policies have been aimed to improve bank reserves, and foreign exchange intervention has been streamlined to curb volatility in the exchange market. These measures have been effective in achieving the immediate targets, maintaining macroeconomic stability, and ensuring adequate financial sector buffers. However, there are indications of emerging strains in some sectors and asset classes.

Keywords: ISCR; CR; central bank; bank supervision; exchange rate; financial system; debt service; medium bank; interest rate; reverse repo; liquidity ratio; bond market; investment funds; foreign exchange; credit risk; bridge bank statute; Credit; Financial sector stability; Loans; Global (search for similar items in EconPapers)
Pages: 64
Date: 2012-07-31
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Citations: View citations in EconPapers (6)

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