Policy Mix, Public Debt Management and Fiscal Rules : Lessons from the 2002 Brazilian Crisis

Despite significant progress in economic reform throughout the 1990s, and an exemplary development of the policymaking framework in the second part of the decade, Brazil suffered a major public debt and currency crisis in 2002. Though the political origin of the uncertainty cannot be ignored, the au...

Full description

Bibliographic Details
Main Author:	Herrera, Santiago
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ASSET PRICES ASSET RETURNS BALANCE SHEETS BANK RUN BANKING CRISES BANKING SECTOR BOND PRICES BONDS BORROWING CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL MARKETS CENTRAL BANK CREDIT RISK CURRENCY DEALERS DEBT DEBT BURDEN DEBT INSTRUMENTS DEBT LEVEL DEBT MANAGEMENT DEBT REFINANCING DEBT SERVICE DEBT SUSTAINABILITY DEBTORS DEFICITS DEPOSITS DIRECT INVESTMENT DOMESTIC DEBT DOMESTIC PUBLIC DEBT DRAFTS ECONOMIC REFORM ENTITLEMENTS EQUILIBRIUM EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPORTS EXTERNAL DEBT EXTERNAL FINANCING FACE VALUE FINANCIAL CRISES FINANCIAL INTERMEDIARIES FINANCIAL POLICIES FINANCIAL TRANSACTIONS FISCAL CONDITIONS FISCAL POLICY FISCAL REFORM FORECASTS FOREIGN BANKS FUTURE VALUE GDP GOVERNMENT BONDS GOVERNMENT EXPENDITURES GOVERNMENT SECURITIES GROWTH RATE HEDGING ILLIQUIDITY INCOME INDEBTEDNESS INDEXATION INFLATION INFLATION RATE INTEREST PAYMENTS INTEREST RATE INTEREST RATE RISK INTEREST RATES INTEREST/ INTERNATIONAL RESERVES LEGAL FRAMEWORK LIABILITY LIQUIDITY LIQUIDITY RISK LOCAL CURRENCY MANDATES MARKET POWER MARKET RISK MARKET VALUE MATURITY MONETARY AUTHORITIES MONETARY POLICY MUTUAL FUND NATIONAL INCOME NET WORTH OIL OPEN MARKET OPERATIONS PRESENT VALUE PRESENT VALUE OF DEBT PRICE CHANGES PRICE CONTROLS PRIMARY DEALERS PRIVATE DEBT PROBABILITY OF DEFAULT PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC SAVINGS REDEMPTION REFINANCING REPO RESERVE REQUIREMENT RESERVE REQUIREMENTS REVENUE SHARING RISK AVERSION RISK MANAGEMENT RISK PREMIUM SAVINGS SECURITIES SOLVENCY SOVEREIGN DEBT SOVEREIGN RISK TAX REFORMS TAX REVENUE TAXPAYERS THEORETICAL MODELS WAGES WEALTH YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/2005/02/5635025/policy-mix-public-debt-management-fiscal-rules-lessons-2002-brazilian-crisis http://hdl.handle.net/10986/8910

Internet

http://documents.worldbank.org/curated/en/2005/02/5635025/policy-mix-public-debt-management-fiscal-rules-lessons-2002-brazilian-crisis
http://hdl.handle.net/10986/8910

Policy Mix, Public Debt Management and Fiscal Rules : Lessons from the 2002 Brazilian Crisis

Internet

Similar Items