Work

Bank transformation and privatization in Brazil Financial federalism and some lessons about bank privatization

Year: 2000

Type: article

Abstract: This paper identifies the socioeconomic factors that have impeded the Brazilian government’s attempts to privatize its banking sector in a privatizing global economy. It argues that the persistence of subnational claims, collapse and acquisition of private banks, market demand and supply, foreign participation, and a globally oriented financial market challenge Brazil’s federalism and embed the state as a financial entrepreneur. The study is based on a systematic survey and case studies of Brazilian private and public financial conglomerates as well as archival, media, and statistical reports.

Source: The Quarterly Review of Economics and Finance

DOI: 10.1016/s1062-9769(99)00044-7

Author: Harry M Makler

Institution: Stanford University

Language: English

Topic: Banking stability, regulation, efficiency

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: hybrid

Estimated APC paid: $2,740