TY  - SER
AU  - Sachs, Jeffrey
TI  - SELF-INFLICTED WOUNDS
KW  - POLITICA MONETARIA BRASIL FMI ESTADOS UNIDOS RECESION ECONOMICA
KW  - POLITICA MONETARIA - BRASIL
KW  - FMI
KW  - 11
KW  - 3ext125
KW  - BR
KW  - US
N2  - 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
ER  -