Banking and Financial Deepening in Brazil

The authors deal with economic policy and the financial development of Brazil. It also presents a description of the financial system that was created in Brazil. The book covers developments in the financial markets, giving emphasis to the programs of debt conversion and privatization.

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Over the past 25 years Brazilian legislators and monetary authorities have had to cope with high and volatile rates of inflation. In their efforts these authorities have created one of the most complex financial systems of the Western world, one possessing a highly sophisticated network of financial intermediaries. The authors deal with economic policy and the financial development of Brazil. It also presents a description of the complex financial system that was created in Brazil. Two chapters describe the operation of the capital and money markets, and another supplies information on the Stock Exchanges of Brazil. Finally, the book covers recent developments in the financial markets, giving special emphasis to the programs of debt conversion and privatization.