Brazil: Selected Issues and Statistical Appendix

This Selected Issues paper and Statistical Appendix on Brazil looks at price developments following the floating of the Real in mid-January 1999. The paper highlights that the experiences in East Asia—Indonesia, Korea, Malaysia, Philippines, and Thailand—all show that the pass-through from devaluation to inflation has been lower than expected, with the exception of Indonesia. The paper analyzes the competitiveness and export performance of Brazil. Effects of high interest rates and currency depreciation on Brazilian enterprises are also analyzed.
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Volume/Issue: Volume 1999 Issue 097
Publication date: September 1999
ISBN: 9781451805895
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Topics covered in this book

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Business and Economics , Banks and Banking , Inflation , Labor , Money and Monetary Policy , Public Finance , ISCR , CR , break , inspections department , government , company , central bank report , information system , inflation targeting framework , price level , draft FRL , Pensions , Inflation targeting , Inflation , Pension spending , Wages , Global , Southeast Asia , Europe , East Asia , North America

Summary

This Selected Issues paper and Statistical Appendix on Brazil looks at price developments following the floating of the Real in mid-January 1999. The paper highlights that the experiences in East Asia—Indonesia, Korea, Malaysia, Philippines, and Thailand—all show that the pass-through from devaluation to inflation has been lower than expected, with the exception of Indonesia. The paper analyzes the competitiveness and export performance of Brazil. Effects of high interest rates and currency depreciation on Brazilian enterprises are also analyzed.