The contagion effect of public debt on monetary policy: the Brazilian experience
| Data(s) |
01/06/2006
|
|---|---|
| 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. |
| Formato |
text/html |
| Identificador |
http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572006000200004 |
| Idioma(s) |
en |
| Publicador |
Editora 34 |
| Fonte |
Revista de Economia Política v.26 n.2 2006 |
| Palavras-Chave | #inter-bank interest rate #public debt risk premium #monetary policy operational procedures |
| Tipo |
journal article |
