Discussing the recent developments in the Brazilian economy with regard to a more efficient international financial architecture promoted by the G-22

Diplomarbeit die am 01.08.1999 erfolgreich an einer Fachhochschule in Deutschland eingereicht wurde. Abstract: In this paper these approaches will be discussed in the light of the Brazilian development trying to encounter contagion and systemic imbalances in its economic structure. Brazil as the biggest country geographically and economically is the most important country to be supervised and strengthened to prevent financial turmoil in Latin America. The chapters IV. 1. and IV.2. will discuss in detail implemented policies and adjusted financial infrastructures to forestall a deep crisis situation and analyze the means to encounter and restructure economical-financial deficits in the infrastructure of Brazil. Chapter IV.3. will discuss policies and institutional arrangements improving crisis management on a more general level with regard to the Latin American emerging markets. In all this work will give a short overview on recent developments and difficulties lying ahead in strengthening the international financial architecture with reference to emerging market developments. Table of Contents: I.|Introduction|1 II.|Economy of Brazil|2 1.|History and Background to Brazil's Economy|2 2.|Recent Developments in the Brazilian Economy|7 III.|Discussing the Recommendations of the G-22 Towards a New International Financial Architecture with Regard to Brazil|10 1.|Transparency and Accountability|10 1.1|The private sector|11 1.2|National authorities|17 1.3|International financial institutions|26 2.|Strengthening Financial Systems|30 2.1|Strengthening corporate governance and risk management|31 2.2|Safety nets|38 2.3|International cooperation|45 3.|International Financial Crises|47 3.1|Policies to prevent crises and limit their scope|48 3.2|Encouraging creditor coordination|52 3.3|Improving crisis management|55 IV.|Summary|64 V.|References|71 VI.|Annex|93 1.|Boxes|93 2.|Future Prospects for The World Economy and Emerging