Barbosa, Fernando de Holanda - In: Brazilian journal of political economy 28 (2008) 1, pp. 97-115
central bank. The program (PROER) designed by the central bank and its legal framework allowed the failed bank to buy … “defaulted securities”, financed by the central bank, and to use them as borrowing collateral. The paper also analyses the … private and social costs of this bank failure. (Rev Econ Polit/GIGA) …