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    Financialization, coalition of interests and interest rate in Brazil by Luiz Carlos Bresser-Pereira, Luiz Fernando de Paula, Miguel Bruno

    Published 2020-06-01
    “…Studying the hypothesis of a pro-conservative monetary policy convention in Brazil, as initially formulated by Bresser-Pereira and Nakano (2002) and Erber (2011), we add three particular sub-hypotheses to it: (i) the prevalence of high real interest rates in Brazil for decades has led to the formation of a rentier-financial class coalition. …”
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