The Puzzle of Brazil's High Interest Rates

Working Paper No. 12/62

Nopic
This paper highlights that real interest rates in Brazil have declined substantially over time, but are still well above the average of emerging market inflation targeting regimes. The adoption of an inflation-targeting regime and better economic fundamentals (reduction in inflation volatility and improvements in the fiscal and external... READ MORE...

Publication date: February 2012
ISBN 9781463938390
$18.00

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Publication date: February 2012

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Publication date: February 2012

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