Suchergebnisse

The Brazilian SFH is on the verge of virtual insolvency. The continued presence of inflation, coupled with an inconsistent system of debt indexation, further aggravated both by a plethora of concessions given to the borrowers and by some ill-conceived procedures imposed by the stabilization plans Cruzado, Verao and Collor, has resulted in an imbalance of US$ 20 billions for the FCVS. Discussing the basic inconsistency of the debt indexation scheme, the paper points out the origins of the problem and offers some suggestions on how it could be solved