A abertura financeira no governo FHC: impactos e conseqüências

The purpose of this article is to present an evaluation of the financial openness promoted by the FHC´s government over the internal financial market and the external vulnerability of the Brazilian economy. The article concludes that the expected benefits derived from the external portfolio investment and from the augmentation of foreign banks haven´t been accomplished. In fact, its consequence, the expansion of the Brazilian external liabilities, have had negatives effects on the country external vulnerability.