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Historical and Structural Trends in the Brazilian Financial System

In: Banking and Financial Deepening in Brazil

Author

Listed:
  • Francis A. Lees

    (St John’s University)

  • James M. Botts

    (Coopers & Lybrand)

  • Rubens Penha Cysne

    (Getulio Vargas Foundation)

Abstract

Two recent events of a legal nature are expected to exert a significant impact on the structure and functioning of Brazil’s financial system. One is the new Brazilian constitution which was promulgated on 5 October 1988. Chapter IV (specifically, Article 198) sets forth certain legal guidelines for a banking reform law which is to be enacted by Congress. The other is Central Bank Resolution 1.524, dated 21 September 1988, establishing the bases for a multiple bank system of financial institution organisation, modelled essentially along Mexican lines and having been developed with support from the World Bank.

Suggested Citation

  • Francis A. Lees & James M. Botts & Rubens Penha Cysne, 1990. "Historical and Structural Trends in the Brazilian Financial System," Palgrave Macmillan Books, in: Banking and Financial Deepening in Brazil, chapter 5, pages 103-138, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10639-4_5
    DOI: 10.1007/978-1-349-10639-4_5
    as

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