Public Debt : The Brazilian Experience

Public Debt : The Brazilian Experience

The book analyzes the success of Brazil's public debt management practices. Over the past 10 years, Brazil has strengthened these practices so impressively that in early 2008, with the threat of a strong financial crisis in the world ahead, th...

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Bibliographic Details
Main Authors: Caputo Silva, Anderson, Oliveira de Carvalho, Lena, Ladeira de Medeiros, Otavio
Format: Debt and Creditworthiness Study
Language:English
en_US
Published: National Treasury, Brasilia 2013
Subjects:
CREDITWORTHINESS
FEDERAL PUBLIC SECURITIES
GOVERNMENT AUDITING
MARKET DEVELOPMENT
REGULATORY FRAMEWORKS
PUBLIC DEBT
Online Access:http://documents.worldbank.org/curated/en/2010/01/16427880/brazil-public-debt-brazilian-experience
http://hdl.handle.net/10986/12790
id okr-10986-12790
recordtype oai_dc
spelling okr-10986-127902021-04-23T14:03:04Z Public Debt : The Brazilian Experience Caputo Silva, Anderson Oliveira de Carvalho, Lena Ladeira de Medeiros, Otavio Caputo Silva, Anderson Oliveira de Carvalho, Lena Ladeira de Medeiros, Otavio Lemos Pantoja Coelho, Hilda Maria Koeppel, Barbara CREDITWORTHINESS FEDERAL PUBLIC SECURITIES GOVERNMENT AUDITING MARKET DEVELOPMENT REGULATORY FRAMEWORKS PUBLIC DEBT The book analyzes the success of Brazil's public debt management practices. Over the past 10 years, Brazil has strengthened these practices so impressively that in early 2008, with the threat of a strong financial crisis in the world ahead, the main rating agencies assigned Brazil the investment grade. Despite the serious financial crisis that actually erupted in 2008, Brazil's credibility with domestic and international investors remains high. This book is organized into three parts: Part I, Understanding the Brazilian Public Debt; Origin and history of Brazil's public debt up to 1963, provides an historical and conceptual analysis of Brazil's public debt, exploring its main concepts and sustainability, and offering a view of its progress from its inception to the present. Part II, Managing the Brazilian Public Debt, describes all aspects of FPD management. Part III, The Public Debt Market in Brazil, describes how the public debt market operates in Brazil. It reviews recent developments and follows with the characteristics of public securities traditionally used to finance debt, along with their pricing schemes. Next, it describes the organization of Brazil's financial markets, the operation of primary and secondary debt markets, the expansion of the investor base over time and the main holders of government securities. 2013-03-15T20:04:54Z 2013-03-15T20:04:54Z 2010 http://documents.worldbank.org/curated/en/2010/01/16427880/brazil-public-debt-brazilian-experience 978-85-87841-44-5 http://hdl.handle.net/10986/12790 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank National Treasury, Brasilia Economic & Sector Work :: Debt and Creditworthiness Study Economic & Sector Work Latin America & Caribbean Brazil
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic CREDITWORTHINESS
FEDERAL PUBLIC SECURITIES
GOVERNMENT AUDITING
MARKET DEVELOPMENT
REGULATORY FRAMEWORKS
PUBLIC DEBT
spellingShingle CREDITWORTHINESS
FEDERAL PUBLIC SECURITIES
GOVERNMENT AUDITING
MARKET DEVELOPMENT
REGULATORY FRAMEWORKS
PUBLIC DEBT
Caputo Silva, Anderson
Oliveira de Carvalho, Lena
Ladeira de Medeiros, Otavio
Public Debt : The Brazilian Experience
geographic_facet Latin America & Caribbean
Brazil
description The book analyzes the success of Brazil's public debt management practices. Over the past 10 years, Brazil has strengthened these practices so impressively that in early 2008, with the threat of a strong financial crisis in the world ahead, the main rating agencies assigned Brazil the investment grade. Despite the serious financial crisis that actually erupted in 2008, Brazil's credibility with domestic and international investors remains high. This book is organized into three parts: Part I, Understanding the Brazilian Public Debt; Origin and history of Brazil's public debt up to 1963, provides an historical and conceptual analysis of Brazil's public debt, exploring its main concepts and sustainability, and offering a view of its progress from its inception to the present. Part II, Managing the Brazilian Public Debt, describes all aspects of FPD management. Part III, The Public Debt Market in Brazil, describes how the public debt market operates in Brazil. It reviews recent developments and follows with the characteristics of public securities traditionally used to finance debt, along with their pricing schemes. Next, it describes the organization of Brazil's financial markets, the operation of primary and secondary debt markets, the expansion of the investor base over time and the main holders of government securities.
author2 Caputo Silva, Anderson
author_facet Caputo Silva, Anderson
Caputo Silva, Anderson
Oliveira de Carvalho, Lena
Ladeira de Medeiros, Otavio
format Economic & Sector Work :: Debt and Creditworthiness Study
author Caputo Silva, Anderson
Oliveira de Carvalho, Lena
Ladeira de Medeiros, Otavio
author_sort Caputo Silva, Anderson
title Public Debt : The Brazilian Experience
title_short Public Debt : The Brazilian Experience
title_full Public Debt : The Brazilian Experience
title_fullStr Public Debt : The Brazilian Experience
title_full_unstemmed Public Debt : The Brazilian Experience
title_sort public debt : the brazilian experience
publisher National Treasury, Brasilia
publishDate 2013
url http://documents.worldbank.org/curated/en/2010/01/16427880/brazil-public-debt-brazilian-experience
http://hdl.handle.net/10986/12790
_version_ 1764421348870848512

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