Work

The contagion effect of public debt on monetary policy: the Brazilian experience

Year: 2006

Type: article

Abstract: This paper attempts to explain why the Brazilian inter-bank interest rate is so high compared with rates practiced by other emerging economies. The interplay between the markets for bank reserves and government securities feeds into the inter-bank rate the risk premium of the Brazilian public debt.

Source: Brazilian Journal of Political Economy

DOI: 10.1590/s0101-31572006000200004

Author: Fernando de Holanda Barbosa

Institution: Fundação Getulio Vargas

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2123418276

FWCI: 6.007

Cites: 6

Cited by: 51

Related to: 10