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.
General
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