Lecio Morais's scientific contributions

Publication (1)

Article
THIS PAPER PROVIDES AN INTERPRETATION of the Brazilian Real (stabilisation) plan, and its recent collapse. The plan was designed to maximise Brazil's ability to profit from the exceptional liquidity of the international credit markets, when low interest rates in the industrialised economies (especially the US) facilitated surges in capital flows to...

Citations

... Finally, the subsidies themselves were deemed unsustainable. In Brazil, the 1990s was a decade dominated by high inflation, which did not offer stable conditions for the private sector, nor for government subsidies which could quickly reduce in real terms (Fonseca, 1998;Morais, Saad Filho, & Coelho, 1999;Valenca, 1992;Valenca & Bonantes, 2010). In Argentina most of the subsidised housing projects were delivered by NGOs as the government was unable to create sustainably priced mortgages (Murillo, 2001). ...