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Brazil: Recent Economic Developments

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  • International Monetary Fund

Abstract

This paper describes major economic developments in Brazil in 1997. A number of issues were analyzed in the paper, including the slow progress being made in the negotiation of the fiscal adjustment programs with the states, the sustainability of the growing current account deficit, as well as the strength of the banking system following macroeconomic stabilization. The paper discusses the post-Real crisis in the states and the state adjustment programs being negotiated with the federal government. Privatization and the associated foreign direct investment flows are also described.

Suggested Citation

  • International Monetary Fund, 1998. "Brazil: Recent Economic Developments," IMF Staff Country Reports 1998/024, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:1998/024
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    Citations

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    Cited by:

    1. Studart, Rogerio, 2000. "Financial opening and deregulation in Brazil in the 1990s Moving towards a new pattern of development financing?," The Quarterly Review of Economics and Finance, Elsevier, vol. 40(1), pages 25-44.
    2. Armijo, Leslie Elliott, 2005. "Mass democracy: The real reason that Brazil ended inflation?," World Development, Elsevier, vol. 33(12), pages 2013-2027, December.
    3. Thierry Buchs, 2005. "Equilibrium Real Exchange Rate In Brazil Estimation And Policy Implications," International Trade 0502013, University Library of Munich, Germany.

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