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PUBLIC DEPT: the Brazil experience

PUBLIC DEPT: the Brazil experience

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Due to its baffling history, the Brazilian public debt has for long endured a negative image with the public. Public debt has been associated not only with the payment of high interest rates as a proportion of fiscal revenue and gross domestic product but also with the periodical occurrence of explicit default, problems which unfortunately have been recurrent throughout our history. This book is an important contribution to understanding the problems and limitations related to public debt management in Brazil. It describes the theme in an overarching and consolidated fashion, efficiently covering its different aspects and gathering information available until then only from scattered sources. It, therefore, fills an important gap in the empirical knowledge of the theme in Brazil.
Due to its baffling history, the Brazilian public debt has for long endured a negative image with the public. Public debt has been associated not only with the payment of high interest rates as a proportion of fiscal revenue and gross domestic product but also with the periodical occurrence of explicit default, problems which unfortunately have been recurrent throughout our history. This book is an important contribution to understanding the problems and limitations related to public debt management in Brazil. It describes the theme in an overarching and consolidated fashion, efficiently covering its different aspects and gathering information available until then only from scattered sources. It, therefore, fills an important gap in the empirical knowledge of the theme in Brazil.

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Published by: World Bank Publications on Jun 13, 2011
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08/21/2013

 
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PUBLIC DEBT:the Brazilian experience
 
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Public debt: the Brazilian experience

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