abstract:The Plano Real ("Real Plan", in English) was a set of measures taken to stabilize the Brazilian economy, during the presidency of Itamar Franco from 1994 to 1998. Its architects include, among many others, Edmar Bacha,
More than a year ago Hanke explained that Brazil's PlanoReal, which pegged its currency to the dollar, dangerously quashed free market forces by giving the central bank the power to set both the exchange rate and monetary policies.