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

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 goverment securites feeds into the inter-bank rate the risk premium of the Brazilian public debt. (R...

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Veröffentlicht in:Brazilian journal of political economy
1. Verfasser: Barbosa, Fernando de Holanda (VerfasserIn)
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Sprache:eng
Veröffentlicht: 2006
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Zusammenfassung: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 goverment securites feeds into the inter-bank rate the risk premium of the Brazilian public debt. (Rev Econ Polit/GIGA)
Beschreibung:graph. Darst.
graph. Darst., Lit.Hinw.
ISSN:0101-3157