Fraga tries to look on the bright side

Headline: Fraga tries to look on the bright sideSource: EuromoneyDate: September 2001Author: Felix Salmon Investors fearful that the crisis in Argentina might spill over into the largest Latin American economy, Brazil, generally draw some comfort from the fact that the country’s central bank is led by former speculator Arminio Fraga. Fraga, who took up his […]

Headline: Fraga tries to look on the bright side
Source: Euromoney
Date: September 2001
Author: Felix Salmon

Investors fearful that the crisis in Argentina might spill over into the largest Latin American economy, Brazil, generally draw some comfort from the fact that the country’s central bank is led by former speculator Arminio Fraga. Fraga, who took up his post just after the floating of the real in 1999, has implemented an inflation-targeting system, enhanced bank supervision, and garnered universal respect and admiration.




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