Debt Management in Brazil: Evaluation of the Real Plan and Challenges Ahead

Debt Management in Brazil: Evaluation of the Real Plan and Challenges Ahead

Brazil's domestic debt has posed two challenges to policymakers: it has grown very fast and, despite progress, remains extremely short in maturity. The authors analyze Brazil's experience with domestic public debt management, searching for policy prescriptions for the next few years. After...

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Bibliographic Details
Main Authors: Bevilaqua, Afonso S., Garcia, Marcio G.P.
Format: Publications & Research
Language:en_US
Published: World Bank, Washington, DC 2015
Subjects:
accounting
accounting framework
assets
auctions
balance sheet
balance sheets
banking sector
banking system
bond issues
bonds
cash management
central bank
commercial banks
credit programs
credit rationing
debt
debt instruments
debt management
debt maturity
debt renegotiations
debt service
debts
defaults
demand curve
depreciation
devaluation
development projects
development strategy
domestic debt
domestic public debt
economic situation
emerging markets
excess demand
exchange rates
expected returns
external debt
financial crises
financial institutions
financial markets
fiscal deficits
fiscal policy
fiscal surplus
foreign assets
foreign debt
GDP
government debt
indexation
inflation
inflation rate
installments
institutional development
interest rate
interest rates
liquidation
liquidity
macroeconomic analysis
macroeconomic conditions
market risk
monetary policy
municipalities
outstanding debt
price levels
private banks
private sector
privatization
public debt
public debt management
public expenditures
public finance
public revenues
public savings
public sector
recapitalization
redemption
regional development banks
repayment
solvency
state owned enterprises
term bonds
treasury
wages
wealth
inflationary pressures
federal funds markets
macroeconomic context
interest payments
gross domestic product
government bonds
debt repayments
currency devaluation
currency issuance
currency selection
currency substitution
Online Access:http://hdl.handle.net/10986/21404

Internet

http://hdl.handle.net/10986/21404

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