Bernama, 8/3/2012
BRASILIA, Aug 3 (BERNAMA-NNN-MERCOPRESS) — Thanks to sound policies and built-in cushions, Brazil’s financial system weathered the global crisis that began in 2008 remarkably well, but now policymakers need to monitor for signs of home-grown financial trouble, the IMF said in its later report.
Like the rest of the Brazilian economy, the financial system is exposed to the effects of volatile international markets, especially for commodities and capital.
“There is a risk that the financial system may become a victim of its own success at home,” said Dimitri Demekas, an assistant director in the IMF’s Monetary and Capital Markets department and head of the team that conducted the assessment.
Brazil Portal 