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Liberalização e desenvolvimento financeiro: lições da experiência brasileira no período 1990-2006

  • Hermann, Jennifer
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    Financial 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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    Article provided by Instituto de Economia, Universidade Estadual de Campinas (UNICAMP) in its journal Revista Economia e Sociedade.

    Volume (Year): 40 (2010)
    Issue (Month): (August)
    Pages: 34

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    Handle: RePEc:euc:ancoec:v:40:y:2010:p:257-290
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