Financial Liberalization and Economic Performance

Name: Financial Liberalization and Economic Performance
Author: Luiz (State University of Rio de Janeiro, Brazil) Fernando de Paula

Brazil at the Crossroads

Specificaties

Gebonden, 272 blz. | Engels

Taylor & Francis | 1e druk, 2010

ISBN13: 9780415460095

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Taylor & Francis 1e druk, 2010 9780415460095

Onderdeel van serie Routledge Studies in the Modern World Economy

€ 58,83

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Samenvatting

Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms.

This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.