Notes on the Brazilian Crisis of 1997-99
Bibliographic Data
| ID | 7675656 |
|---|---|
| Authors | Francisco L Lopes (Macrométrica Sistemas Ltda., Brasil, corresponding author) |
| Year | 2003 |
| Volume | 23 |
| Issue | 3 |
| Pages | 376-404 |
| Publication date | 2003-09-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Brazilian Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0101-3157 • E-ISSN: 1809-4538 |
| Publisher | FapUNIFESP (SciELO) (PUBLISHER) |
| DOI | 10.1590/0101-31572003-0666 |
| OpenAlex | W2144986956 |
| SCIELO_PID | S0101-31572003000300376 |
| Language | EN |
| Citations received | 2 |
| References cited | 3 |
This paper deals with the Brazilian crisis of 1997-98 that lead to the exchange rate floating of January 1999. It starts by showing how exchange rate policy evolved since the Real Plan of 1994 and how the exchange rate regime became a critical issue when the crisis started in 1997. It discusses monetary policy during the crisis, the IMF program, the endogenous diagonal band and the decision to float as an alternative to capital controls and default. This five-year drama ended surprisingly well with a benign float, but it is useful to know its details, with the usual mix of economic de- bate, personality clashes and historical fatality
Capital (architecture · Economics · Exchange rate · Float (project management · Floating exchange rate · Keynesian economics · Management · Monetary economics · Economic Theory and Policy · Global Financial Crisis and Policies · History · International Development and Aid
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,13 |
| Citation span | 2011 - 2023 (13) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |