Brazil. J. Polit. Econ. vol.31 número5

However, in contrast to previous episodes of international liquidity constraint, in 2008-2009 the Brazilian government was able to offset part of the liquidity constraint in foreign

These notes deals with Brazil’s episode in which the expectation of a sustained appreciation of the currency has led to investment banks selling struc- tured derivative product

During this time, the Central Bank implemented prudential measures related to market risks, particularly with respect to currency mismatches in banks’ balance sheets, as well

Private banks, in spite of having reached a high degree of concentration, re- mained attached to the short term financing and only get involved in long term financing when public

First, the fact that 1995 banking distress did not cause a banking crisis as it was the case of Argentina and Mexico, so that the domestic private banks that survived such

To sta- bilize inflation in Brazil it is necessary to reduce the level of price indexation to exchange rates, what can be done by a simple change of contracts of public ser-

The question posed by Theme 4 of this workshop is indeed a very broad one and would demand a thorough research on the topics involved. I am afraid I did not have the proper time

Along with prudential regulation and injection of liquidity into the system, the.. liberalization of the Brazilian financial system was followed by opening of the banking sector