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Prólogo para a terceira carta

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  • Edmar Bacha

Abstract

This note is an attempt at providing a background for understanding some problems of the negotiations between Brazil and the IMF. The rules of the adjustment game under the current international economic order are discussed first. Then an evaluation is made of the role played by the Fund, and of its tendency to “overkill” in the drawing of adjustment programs. Examples of this are provided by an analysis of the second letter of intent submitted by Brazil to the Fund.

Suggested Citation

  • Edmar Bacha, 1983. "Prólogo para a terceira carta," Brazilian Journal of Political Economy, Center of Political Economy, vol. 3(4).
    • Handle: RePEc:ekm:repojs:v:3:y:1983:i:4:id:1940
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1940/1926
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