The contagion effect of public debt on monetary policy: the Brazilian experience
AUTOR(ES)
Barbosa, Fernando de Holanda
FONTE
Brazilian Journal of Political Economy
DATA DE PUBLICAÇÃO
2006-06
RESUMO
This paper attempts to explain why the Brazilian inter-bank interest rate is so high compared with rates practiced by other emerging economies. The interplay between the markets for bank reserves and government securities feeds into the inter-bank rate the risk premium of the Brazilian public debt.
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