%0 Journal Article
%T The contagion effect of public debt on monetary policy: the Brazilian experience
%A Barbosa Fernando de Holanda
%J Revista de Economia Pol¨ªtica
%D 2006
%I Editora 34
%X This paper attempts to explain why the Brazilian inter-bank interest rate is so high compared with rates practiced by other emerging economies. The interplay between the markets for bank reserves and government securities feeds into the inter-bank rate the risk premium of the Brazilian public debt.
%K inter-bank interest rate
%K public debt risk premium
%K monetary policy operational procedures
%U http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572006000200004