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Financial crises -- Brazil


View Resource Update on Brazil

This week's In the News follows past reports of financial crisis in Brazil (see the September 24, 1998 Scout Report for Business & Economics). Since foreign investors began withdrawing their holdings in Latin America's largest economy last September, the Brazilian real began a long plummet, ending in devaluation on January 13, 1999. Measures to curb the currency crisis have included fiscal reforms...