The contagion effect of public debt on monetary policy: the Brazilian experience

AUTOR(ES)
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.

Documentos Relacionados