Working Paper No. 825 January 02, 2015

Why Does Brazil’s Banking Sector Need Public Banks?

What Should BNDES Do?

by Felipe Rezende

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Blithewood
Bard College
Annandale-on-Hudson, NY 12504-5000
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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.