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Monetary Correction and Real Interest Accounting

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Banking and Financial Deepening in Brazil

Abstract

The financial system in Brazil is unique in several respects. In this chapter we focus on one aspect of the Brazilian financial system which gives it a distinct and unique character: monetary correction. Monetary correction was adopted in piecemeal fashion, but now covers most aspects of financial activity.

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References

  • CENTRAL BANK OF BRAZIL Brazil Economic Program, volume 16, March 1988, and other issues.

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  • CHACEL, SIMONSEN and WALD, A Correção Monetária, (Rio de Janeiro: APEC Editora S.A., 1976).

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  • FUNDAÇÃO GETULIO VARGAS, Conjuntura Econômica, several Issues.

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  • SIMONSEN, MARIO H. and RUBENS P. CYSNE, As Contas Nacionais, published by Simposium Consultoria e Serviços Técnicos Ltda, 1987.

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© 1990 Francis A. Lees, James M. Botts and Rubens Penha Cysne

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Lees, F.A., Botts, J.M., Cysne, R.P. (1990). Monetary Correction and Real Interest Accounting. In: Banking and Financial Deepening in Brazil. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10639-4_2

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