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Financial Liberalization and Economic Performance: Brazil at the Crossroads

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ISBN 10: 0415722608 / ISBN 13: 9780415722605
Used Condition: Good
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Title: Financial Liberalization and Economic ...

Book Condition:Good

About this title

Synopsis:

Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms.

This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.

About the Author:

Luiz Fernando de Paula is Associate Professor of Economics of the University of the State of Rio de Janeiro, Brazil.

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