Brazil's Economic Reform and the Global Financial Crisis

Description:

Despite backing from the International Monetary Fund (IMF), capital flight from Brazil in 1998 prompted the government to jettison its pegged currency stabilization program and float the real on January 15, 1999, becoming another casualty of the volatile international capital markets. Brazil adjusted to its financial crisis faster than expected, which is considered over. This report provides a final summary of Brazil's financial crisis and related IMF assistance in support of Congressional interest in various aspects of the 1990s global financial turmoil. It will not be updated.

Creator(s):
Creation Date: June 9, 2000
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Place of Publication: Washington D.C., USA
Date(s):
  • Creation: June 9, 2000
Description:

Despite backing from the International Monetary Fund (IMF), capital flight from Brazil in 1998 prompted the government to jettison its pegged currency stabilization program and float the real on January 15, 1999, becoming another casualty of the volatile international capital markets. Brazil adjusted to its financial crisis faster than expected, which is considered over. This report provides a final summary of Brazil's financial crisis and related IMF assistance in support of Congressional interest in various aspects of the 1990s global financial turmoil. It will not be updated.

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Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
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Resource Type: Report
Format: Text
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Access: Public