Abertura do setor bancário ao capital estrangeiro nos anos 1990: os objetivos e o discurso do governo e dos banqueiros [Opening up of banking sector to foreign capital in the nineties: objectives and discourse of government and bankers]
The opening up of the Brazilian banking sector to foreign capital in the mid-nineties was justified as essential to promote competition as well as to induce Brazilian banks to increase credit supply and to reduce their costs - which did not happen, at least in that decade. Succinctly presented in the Exposition of Motives 311, such goals can be regarded as a diversionary maneuver or a concession to the contemporary liberal discourse. The main objective of the Government was actually to attract foreign capital in order to cope with banking sector problems caused by a sharp decline in inflation and the effects of the 1995 Mexican crisis. Foreign bankers, in turn, although promising changes and innovations, "quality and fair prices", have avoided any effective commitment to practices different from those commonly used in the Brazilian banking sector. The article analyzes public discourse of both actors and its contradictions with their actual objectives.
Volume (Year): 17 (2007)
Issue (Month): 3 (September-December)
|Contact details of provider:|| Postal: Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil|
Phone: +55 31 3409-7000
Web page: http://www.face.ufmg.br/
More information through EDIRC
|Order Information:|| Postal: Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil|
Web: http://www.face.ufmg.br/novaeconomia/ Email:
When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:17:y:2007:i:3:p:395-425. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bárbara Freitas Paglioto)
If references are entirely missing, you can add them using this form.