On high interest rates in Brazil

Detalhes bibliográficos
Autor(a) principal: Lopes,Francisco Lafaiete
Data de Publicação: 2014
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000100001
Resumo: This article examines the question of why interest rates are so high in Brazil as compared to the international average. It looks at theoretical arguments based on excessive government deficits, structural lack of private savings, inflation bias, excessive investment demand and fear of floating. An informal look at the evidence does not strongly corroborate any of these arguments. Hence a wise central bank should consider "testing" the market to make sure it is not dealing with an extreme equilibrium configuration or a long standing disequilibrium.
id EDITORA_34-1_da91fea6d8f667aa9c9536e1481433dd
oai_identifier_str oai:scielo:S0101-31572014000100001
network_acronym_str EDITORA_34-1
network_name_str Revista de Economia Política
repository_id_str
spelling On high interest rates in Brazilinterest rateexchange rateBrazilian economyThis article examines the question of why interest rates are so high in Brazil as compared to the international average. It looks at theoretical arguments based on excessive government deficits, structural lack of private savings, inflation bias, excessive investment demand and fear of floating. An informal look at the evidence does not strongly corroborate any of these arguments. Hence a wise central bank should consider "testing" the market to make sure it is not dealing with an extreme equilibrium configuration or a long standing disequilibrium.Centro de Economia Política2014-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000100001Brazilian Journal of Political Economy v.34 n.1 2014reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572014000100001info:eu-repo/semantics/openAccessLopes,Francisco Lafaieteeng2015-03-27T00:00:00Zoai:scielo:S0101-31572014000100001Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2015-03-27T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv On high interest rates in Brazil
title On high interest rates in Brazil
spellingShingle On high interest rates in Brazil
Lopes,Francisco Lafaiete
interest rate
exchange rate
Brazilian economy
title_short On high interest rates in Brazil
title_full On high interest rates in Brazil
title_fullStr On high interest rates in Brazil
title_full_unstemmed On high interest rates in Brazil
title_sort On high interest rates in Brazil
author Lopes,Francisco Lafaiete
author_facet Lopes,Francisco Lafaiete
author_role author
dc.contributor.author.fl_str_mv Lopes,Francisco Lafaiete
dc.subject.por.fl_str_mv interest rate
exchange rate
Brazilian economy
topic interest rate
exchange rate
Brazilian economy
description This article examines the question of why interest rates are so high in Brazil as compared to the international average. It looks at theoretical arguments based on excessive government deficits, structural lack of private savings, inflation bias, excessive investment demand and fear of floating. An informal look at the evidence does not strongly corroborate any of these arguments. Hence a wise central bank should consider "testing" the market to make sure it is not dealing with an extreme equilibrium configuration or a long standing disequilibrium.
publishDate 2014
dc.date.none.fl_str_mv 2014-03-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000100001
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000100001
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0101-31572014000100001
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.34 n.1 2014
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
_version_ 1754122481400020992

Registros relacionados