Abstract
Up to 1945 the Brazilian Treasury was responsible for the issue of paper money and the management of foreign-exchange reserves, whereas the Banco do Brasil simultaneously performed the functions typical of a central bank and a commercial bank. This situation could be justified by the small size of the Brazilian economy.
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© 1988 Ecole des Hautes Etudes Commerciales
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de Baumgratz, D.B. (1988). A Developing Country’s Case: The Brazilian Financial System. In: Mikdashi, Z. (eds) International Banking. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-09706-7_5
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DOI: https://doi.org/10.1007/978-1-349-09706-7_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-09708-1
Online ISBN: 978-1-349-09706-7
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