ABSTRACT
Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms.
This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.
TABLE OF CONTENTS
chapter |5 pages
Introduction
part |111 pages
Capital account liberalization in Brazil
chapter |14 pages
Costs and benefits of capital account liberalization for developing countries
chapter |44 pages
Financial liberalization and economic policy in Brazil in 1990–2009
chapter |21 pages
Financial liberalization, economic performance, and macroeconomic stability in Brazil
part |80 pages
Foreign bank entry in the domestic banking sector
chapter |24 pages
Foreign bank entry, mergers and acquisitions, and banking efficiency
part |5 pages
Conclusion