Was there an alternative to the Brazilian crisis?
ABSTRACT In difference from Asia, high interest rates and stable exchange rates associated with the Real Plan did not produce a corporate debt deflation because of the low corporate indebtedness in Brazil. Instead high interest rates caused both the foreign and fiscal balances to deteriorate, reduci...
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| Format: | Article |
| Language: | English |
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Editora 34
2022-04-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31571999000300426&tlng=en |