num_pages: 272
description: 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 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.
language: English
title: Financial Liberalization and Economic Performance: Brazil at the Crossroads
publisher: Routledge