TY - JOUR AU - Barbosa, Fernando de Holanda PY - 2006/04/01 Y2 - 2024/03/28 TI - The contagion effect of public debt on monetary policy: the Brazilian experience JF - Brazilian Journal of Political Economy JA - BJPE VL - 26 IS - 2 SE - DO - UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/598 SP - 231-238 AB - <p>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.</p><p><strong>JEL Classification:</strong> E4; E5.</p> ER -