• M. Lossani
  • L. Ruggerone
  • M. Zaninelli
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


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.


Interest Rate Monetary Policy Banking System Public Debt Credit Union 
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© M. Lossani, L. Ruggerone and M. Zaninelli 2009

Authors and Affiliations

  • M. Lossani
  • L. Ruggerone
  • M. Zaninelli

There are no affiliations available

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