1st Edition

Financial Liberalization and Economic Performance Brazil at the Crossroads

By Luiz Fernando de Paula Copyright 2011
272 Pages 40 B/W Illustrations
by Routledge

272 Pages 40 B/W Illustrations
by Routledge

208 Pages
by Routledge

Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms. This book assesses the determinants and impacts of financial... Read more

Forreward  1. Introduction  Part I  2. Costs and Benefits of Capital Account Liberalization for Developing Countries: Theoretical and Empirical Evaluation  3. Financial Liberalization and Economic Policy in Brazil in 1990-2009  4. Recent Changes in Capital Controls and Foreign Exchange Rules in Brazil  5. The Debate on Capital Account Convertibility and Capital Controls in Brazil  6. Financial Liberalization, Economic Performane and Macroeconomic Stability in Brazil: an Empirical Evaluation  7. The Internationalization of Banks: Evolution, Characteristics and Recent Trends  8. Foreign Banks Entry in Latin America: Dterminants and Strategies  9. Banking Consolidation after the Real Plan : Determinants and Impacts  10. Foreign Bank Entry, Mergers and Acquisitions and Banking Efficiency: an Empirical Assessment  Part III  11. Summary and Conclusion

Biography

Luiz Fernando de Paula is Associate Professor of Economics of the University of the State of Rio de Janeiro, Brazil.