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| Tekijä: | Zoninsein, J. |
| Otsikko: | Financial reform, control of inflation, and state intervention: lessons from the Brazilian experience |
| Lehti: | Developing Economies
1994 : SEP, VOL. 32:3, p. 331-350 |
| Asiasana: | BRAZIL INFLATION CONTROL |
| Kieli: | eng |
| Tiivistelmä: | This paper focuses on the means to overcome stabilization failure in Brazil. It argues that the crucial element which has been missing in all recent unsuccessful attempts to control inflation is the redefinition of the institutional mechanisms that mobilize and channel the funds for supporting the accumulation of productive capital. Stabilization failure is a consequence of inadequate financial policy reform. The financial exhaustion of the Brazilian developmental state after 1979 is examined. |
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