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Banking and Currency Crisis Recovery: Brazil's Turnaround of 1999

Gruben, William C ; Welch, John H

Economic and Financial Review, 2001, p.12-23

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Título:
Banking and Currency Crisis Recovery: Brazil's Turnaround of 1999
Autor: Gruben, William C ; Welch, John H
Assuntos: Banks and banking, Brazil ; Brazil, Economic policy ; Devaluation of currency ; Financial crises, Brazil ; Foreign exchange rates ; Monetary policy, Brazil
É parte de: Economic and Financial Review, 2001, p.12-23
Notas: ObjectType-Article-1
SourceType-Government & Official Publications-1
content type line 32
Descrição: "Brazil's commercial banks' high capitalization ratios, shrunken loan portfolios, and expanded holdings of government paper allowed the central bank to take drastic postdevaluation stabilizing measures that calmed markets and created the foundations for a relatively quick economic turnaround without putting the banking system at risk." (Economic and Financial Review) This article provides an overview of Brazil's economic policy and examines how it managed to bring itself out of the financial slums.
Idioma: Inglês

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