A Estabilização Inacabada
This paper identifies the financing of the state as the source of various hyperinflation episodes in Latin America. In Brazil, the principal undertaking of the former government, the stabilization of the economy, is unfinished since the fiscal issue has not been resolved. The Real Plan interrupted...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | Portuguese |
| Published: |
Universidade Presbiteriana Mackenzie
2003-06-01
|
| Series: | Revista de Economia Mackenzie |
| Subjects: | |
| Online Access: | http://editorarevistas.mackenzie.br/index.php/rem/article/view/756 |
| Summary: | This paper identifies the financing of the state as the source of various hyperinflation episodes in Latin America. In Brazil, the principal undertaking of
the former government, the stabilization of the economy, is unfinished since
the fiscal issue has not been resolved. The Real Plan interrupted the financing of the public deficit through the issuance of currency. Nevertheless, it
is now being financed with the public debt, producing snowballing indebtedness and an effective interest rate that inhibits economic growth. The
new government has no alternative other than to conclude the work commenced by President Fernando Henrique Cardoso, approving the fiscal,
social security and financial system reforms and putting them into practice
to build a regime of monetary and fiscal policies |
|---|---|
| ISSN: | 1678-5002 1808-2785 |