Liberalização e desenvolvimento financeiro: lições da experiência brasileira no período 1990-2006
AbstractFinancial liberalization and development: lessons from Brazilian experience over 1990-2006 period - The paper analyses indicators of Brazilian Financial System over the 1990-2006 period, aiming at a preliminary evaluation of the extension of post-liberalization financial development in Brazil. The analysis shows that this process was significantly weaker than expected from a well succeeded policy. The discussion points that: 1) macroeconomic environment seems more relevant to financial development than financial policy; 2) the environment that favors financial development is not one marked by monetary and fiscal equilibrium, but by economic growth; 3) liberalization has ambiguous effects to economic and financial development, maintaining both in a ?stop and go? pace.
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Bibliographic InfoArticle provided by Instituto de Economia, Universidade Estadual de Campinas (UNICAMP) in its journal Revista Economia e Sociedade.
Volume (Year): 40 (2010)
Issue (Month): (August)
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Brazilian financial system; Financial policy; Liberalization; Financial development; Economic develo;
Find related papers by JEL classification:
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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