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Brazil

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Emerging Banking Systems

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Abstract

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.

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Authors
  1. M. Lossani
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  2. L. Ruggerone
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  3. M. Zaninelli
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Editor information

Editors and Affiliations

  1. Faculty of Economics, University of Milan-Bicocca, Italy

    Paola Bongini (Associate Professor of Banking and Finance) (Associate Professor of Banking and Finance)

  2. UniCredit Group, Italy

    Stefano Chiarlone (senior economist in the Research and Strategy Unit) (senior economist in the Research and Strategy Unit)

  3. Department of Economics, University of Bari, Italy

    Giovanni Ferri (Full Professor of Economics, chairs) (Full Professor of Economics, chairs)

Copyright information

© 2009 M. Lossani, L. Ruggerone and M. Zaninelli

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Lossani, M., Ruggerone, L., Zaninelli, M. (2009). Brazil. In: Bongini, P., Chiarlone, S., Ferri, G. (eds) Emerging Banking Systems. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230584341_5

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