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liquidity in the financial system, partly caused by spending of oil receipts. In the face of persistent excess liquidity in the …; however, these had a limited impact on monetary aggregates. A structural excess liquidity is a common feature in oil exporting … monetary policy and liquidity management and discusses role of selective financial markets in improving liquidity management in …
Persistent link: https://www.econbiz.de/10012560066
"Despite significant progress in economic reform throughout the 1990s and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored,...
Persistent link: https://www.econbiz.de/10010522687
and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis …
Persistent link: https://www.econbiz.de/10010522552
Persistent link: https://www.econbiz.de/10010523276
"The authors describe the main trends of Brazil's fiscal policy during the past decade and analyze (1) the ability to raise the primary surplus in response to external shocks, (2) the pro-cyclical nature of fiscal policy, and (3) the long-run impact of government expenditure composition and...
Persistent link: https://www.econbiz.de/10010522058
Persistent link: https://www.econbiz.de/10010523317
Persistent link: https://www.econbiz.de/10010523384
This report is designed to provide policymakers with estimates of the likely outcomes of an array of potential changes in transportation sector policy. To this end, the report uses a variety of economy-wide models to simulate alternative cost reductions and efficiency improvements. A detailed...
Persistent link: https://www.econbiz.de/10012553074
This country note briefly summarizes information relevant to both climate change and agriculture in Brazil, with focus on policy developments (including action plans and programs) and institutional make-up. In Brazil, the 5th largest emitter of greenhouse gases in the world, agriculture...
Persistent link: https://www.econbiz.de/10012554570
This report evaluates the requirements for an assessment of climate change impacts on agriculture to guide policy makers on investment priorities and phasing. Because agriculture is vital for national food security and is a strong contributor to Brazil's GDP growth, there is growing concern that...
Persistent link: https://www.econbiz.de/10012557356