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Brazil Under Lula: Learning From the Real Plan

May 2003
Policy Brief
By  Marcio Garcia
Márcio Garcia is Visiting Associate Professor at the Center for Research on Economic Development and Policy Reform (CREDPR). He is on leave from his permanent position as Associate Professor at the Pontifical Catholic University (PUC-Rio) at Rio de Janeiro, Brazil, where he has served as Chairman of the Department of Economics. Garcia holds an undergraduate Engineering degree from UFRJ, a M.Sc. in Economics from PUC-Rio, and a Ph.D. in Economics from Stanford University. He has consulted for several Brazilian and international institutions. Garcia’s research has centered on monetary policy in Brazil. He has written numerous articles on hyperinflation, international capital flows, public debt management, interest rates, financial derivatives, risk management in financial institutions, and the role of the financial sector in promoting economic growth.