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SELF-INFLICTED WOUNDS

Por: Tema(s): En: Financial Times 22 ene. 1999, p. 22Resumen: The International Monetary Fund's dealings with Brazil in the past two years constitute a textbook failure in monetary management. As a result of monetary policy errors, Brazil faces a steep and unnecessary recession. At one level, the story is straightforward: Brazil defended an overvalued currency until it finally snapped. The greater mystery, and greater concern for the future, is the complicity of the US government and the IMF in this blunder.
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Analítica de Seriada Analítica de Seriada BIBLIOTECA ECONÓMICA BCE - QUITO RESUM-020000 (Navegar estantería(Abre debajo)) Financial Times. 22 ene. 1999, p. 22 Disponible

The International Monetary Fund's dealings with Brazil in the past two years constitute a textbook failure in monetary management. As a result of monetary policy errors, Brazil faces a steep and unnecessary recession. At one level, the story is straightforward: Brazil defended an overvalued currency until it finally snapped. The greater mystery, and greater concern for the future, is the complicity of the US government and the IMF in this blunder.

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