Economy & Energy

International Reserves
Data
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# Brazilian International reserves
# Brazilian Reserves Parameters
# Reserves in % GNP in Developing Countries
# Reserves in % GNP in Developed Countries
# Reserves in 1998/99
# Brazilian Debt

Edição Gráfica:
MAK
Editoração Eletrônic
a
marcos@rio-point.com
Revisado:
Monday, 09 April 2001.

http://ecen.com

Brazilian International Reserves

Aumara B. Feu Alvim Marques
feu@tba.com.br

The Brazilian international reserves were at the headlines of the Brazilian economical crises. The reserve levels adopted by emerging countries in the globalization era have been kept at levels, even in absolute values, comparatively higher than those of the developed countries. They constitute, as it was said, a safety layer against speculative attacks. In order to maintain these reserves, Brazil has paid a price estimated to be over 100 billion US dollars, due to the high interest rates. Facts have demonstrated the limited efficiency of this buffer, since to build it we have increased a disproportional internal debt. Data concerning the Brazilian and international reserves are presented.

Brazilian International reserves

 

Brazilian Reserves Parameters

Reserves in % GNP in Developed Countries

 

Reserves in % GNP in Developing Countries

 

 

Reserves in 1998/99

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Source: e&e and Brazilian Central Bank