The Monetary and Fiscal History of Latin America: The Case of Brazil

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1:00:31
April 11, 2014
June 18, 2014

Summary

In Brazil, five stabilization plans in less than a decade failed to cure hyperinflation.

The Real Plan adopted in the mid-1990s worked and has kept the price level relatively stable. In this presentation, Márcio Garcia tries to understand why. He finds a tight link between inflation and money growth.