The illusion of stability: The Brazilian economy under Cardoso

被引：21

作者：

Amann, E ^{[1
]}

Baer, W

机构：

[1] Univ Oxford, Oxford OX1 2JD, England

[2] Univ Illinois, Urbana, IL 61801 USA

来源：

WORLD DEVELOPMENT | 2000年 / 28卷 / 10期

关键词：

banking; exchange rate; inflation; privatization; stabilization;

D O I：

10.1016/S0305-750X(00)00058-9

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper begins with a description of the main characteristics of Brazil's Real stabilization program and its initial success in eliminating inflation. It then examines the use of the exchange rate to keep inflation in check and the problems which overvaluation created. It also focuses on the structural desequilibria it faced and the various artifices that were used to deal with them but which ultimately led to a set of contradictions that brought about its collapse. (C) 2000 Elsevier Science Ltd. All rights reserved.

引用

页码：1805 / 1819

页数：15