Credit Expansion in Brazil (Bonomo et al.)

Macroeconomic and financial consequences of the after crisis government-driven credit expansion in Brazil by Marco Bonomo, Ricardo Brito and Bruno Martins published by Banco Central do Brasil (12/2014). “Government-driven credit had an important role in countervailing private credit crunch in Brazil during the recent financial crisis. However, government credit concessions continued to expand after the economy recovered…”

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