The Plano Real of stabilization was divided into three phases. The first phase concerned problems of fiscal nature: the governmental deficit. The second one, performed from March to June 1994, attempted to balance relative prices and remunerations. The third step was designed to knock down the...

Routes of the Brazilian financial liberalization. This paper describes the most recent change in the rules of domestic exchange market and emphasizes/explores their consequences to Brazilian macroeconomic. (Rev Econ Polít/GIGA)

This paper aims to outline the basis for a development strategy for Brazil. Therefore, it starts from some basic premises. First, there will be no development without social mobilization. Second, development is a planning result, in which the Government plays a key role. Besides, a development...

This paper suggests a special insurance agency for the financing of innovative investments. The objective of this agency is to establish a link between the banking system and the innovation system. Supporting an increase in the amount of private resources allocated to the financing of innovative...