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A Developing Country’s Case: The Brazilian Financial System

In: International Banking

Author

Listed:
  • Delauro Baumgratz Baumgratz

Abstract

Up to 1945 the Brazilian Treasury was responsible for the issue of paper money and the management of foreign-exchange reserves, whereas the Banco do Brasil simultaneously performed the functions typical of a central bank and a commercial bank. This situation could be justified by the small size of the Brazilian economy.

Suggested Citation

  • Delauro Baumgratz Baumgratz, 1988. "A Developing Country’s Case: The Brazilian Financial System," Palgrave Macmillan Books, in: Zuhayr Mikdashi (ed.), International Banking, chapter 5, pages 45-53, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-09706-7_5
    DOI: 10.1007/978-1-349-09706-7_5
    as

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