The bankruptcy of three big private banks (Econômico, Nacional and Bamerindus) in the beginning of the Plano Real has been attributed to the fast and intense growth of loan after the fall of inflation. The three banks balance sheet data, however, show a decrease in credit amount or a very small...

This paper presents a framework for the development of Participatory Budgeting assessment models that make it possible to verify whether this new budgeting practice accomplishes the goals of its designers, and whether it is a better alternative to the budgeting tools set forth in the 1988...

The blockage of financial asset liquidity in March 1990, known as the Collor Plan - one of the most drastic state interventions in the Brazilian economy ever -, originated in the debate over the failure of previous stabilization policies, especially the heterodox shocks of the Sarney government....

The opening up of the Brazilian banking sector to foreign capital in the mid-nineties was justified as essential to promote competition as well as to induce Brazilian banks to increase credit supply and to reduce their costs - which did not happen, at least in that decade. Succinctly presented...