Bank Effect

In last analysis, the deepening of the crisis could still empty in an eventual retrocession in the process of commercial integration or in commercial war of harmful effect. The two encaminhamentos could become, in a perspective of short term, a tempting option for the politicians, however, they would have negative impacts on the productivity of the economies in the medium and long run. Governmental performance in the solution of the crisis With the aggravation of the crisis occurred a generalized demand stops that the governments acted. The belief exists that, depending on the ability, quality, depth and extension of the state interventions, the crisis effect would be reduced, but in fact, considering the gravity of the situation, the space of performance of the governments very narrow and is limited, although the current Brazilian economic situation to be enviable. Adopted measures – the Brazilian government adopted varied measured to attenuate the effect of the crisis. To protect the banking system and to increase the liquidity the wallet purchase was established a legislation facilitating of credits of banks in difficulty for the banks most solid.

Aiming at to regularize it offers of credit had been gradually set free resources of the obligatory deposits. Certain banking consolidation exemplificada by the junction of the Ita Bank was initiated with Unibanco, or for the purchase of part of the capital of the Votorantin for the Bank of Brazil and other operations of this nature they will be able to occur next. Resources of the exchange reserves had been offered stop to equate the lack of external credit, mainly for the renewal of operations of companies in Brazil and for the financing of the exportations, among others. Some of these interventions had been adopted on the basis of the belief that the markets will be normalized in a stated period not very long. In this in case that they would have been made right, therefore they can alliviate the impacts most acute of the retraction of the credit.