point per annum. Economic output is mainly affected by an increase in bank lending spreads as banks pass a rise in bank … Tier 1 capital ratio) could increase bank lending spreads by about 50 basis points. The estimated effects on GDP growth …

integration has been a major vector of contagion, and even more so when cross-border bank lending was primarily short …

. This Working Paper relates to the 2009 OECD Economic Survey of Brazil (www.oecd.org/eco/surveys/brazil).<P>L'efficacité des …

Low investment rates are limiting Brazil’s future potential growth rate. This paper analyses a number of potential … domestic saving appears to be a major constraint to higher investment rates in Brazil. Due to high levels of current … to pin down, and thin long term credit markets, which are dominated by the national development bank BNDES. Going forward …

Brazil under-invested in infrastructure for over three decades, and infrastructure investment rates have come up only … consortia to reap economies of scale. This Working Paper relates to the 2011 OECD Economic Review of Brazil 2011 (www.oecd.org/eco/surveys/Brazil …

temporarily interrupted only during episodes of financial turbulence. Net foreign assets and the productivity differential … relative to Brazil’s main trade partners are found to be significant determinants of the real effective exchange rate in the …

This paper identifies refinements to the macroeconomic framework that will help Brazil to achieve strong performance in … Review of Brazil 2011 (www.oecd.org/eco/surveys/Brazil).<P>Ajuster les politiques macroéconomiques pour soutenir la …