Plano Real
E231027
Plano Real was a landmark Brazilian economic stabilization plan launched in 1994 that successfully curbed hyperinflation and introduced the modern Brazilian currency, the real.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Plano Real canonical | 1 |
| Plano Real (Real Plan) | 1 |
| URV (Unidade Real de Valor) | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf | Brazilian economic stabilization plan ⓘ |
| architect | Fernando Henrique Cardoso ⓘ |
| country | Brazil ⓘ |
| countryCurrencyAffected | Brazilian real ⓘ |
| currencyCodeIntroduced | BRL ⓘ |
| economicConditionAfter | low and stable inflation ⓘ |
| economicConditionBefore |
chronic high inflation
ⓘ
episodes of hyperinflation ⓘ |
| followedBy |
floating exchange rate regime in 1999
ⓘ
inflation targeting framework adopted in 1999 ⓘ |
| hasConsequence |
foundation for later inflation-targeting regime
ⓘ
greater credibility of Brazilian monetary policy ⓘ increased purchasing power stability ⓘ |
| hasPart |
Plano Real
self-linksurface differs
ⓘ
surface form:
URV (Unidade Real de Valor)
|
| implementedByOffice |
Ministry of Finance (Brazil)
ⓘ
surface form:
Ministry of Finance of Brazil
|
| implementedIn | 1994 ⓘ |
| implementedUnderPresident | Itamar Franco ⓘ |
| includesPolicy |
fiscal responsibility measures
ⓘ
indexation reduction ⓘ privatization program groundwork ⓘ trade liberalization continuation ⓘ |
| inflationRateAfter | reduced to single-digit or low double-digit levels ⓘ |
| inflationRateBefore | over 1000% per year in early 1990s ⓘ |
| influenced | subsequent Brazilian macroeconomic policy ⓘ |
| introducedCurrency |
BRL
ⓘ
surface form:
real (BRL)
|
| keyPerson |
André Lara Resende
ⓘ
Edmar Bacha ⓘ Fernando Henrique Cardoso ⓘ Gustavo Franco ⓘ Pedro Malan ⓘ |
| legalForm | set of constitutional amendments and ordinary laws ⓘ |
| mainGoal |
curb hyperinflation in Brazil
ⓘ
stabilize Brazilian economy ⓘ |
| politicalContext | Itamar Franco administration ⓘ |
| politicalOutcome | helped elect Fernando Henrique Cardoso president in 1994 ⓘ |
| precededBy |
Plano Collor
ⓘ
Plano Verão ⓘ |
| region | Latin America ⓘ |
| replacedCurrency | cruzeiro real (CR$) ⓘ |
| significance |
landmark in Brazilian economic history
ⓘ
successful anti-inflation program ⓘ |
| startTime | 1994 ⓘ |
| usesMechanism |
exchange rate anchor
ⓘ
fiscal adjustment measures ⓘ monetary tightening ⓘ temporary unit of account (URV) ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
URV (Unidade Real de Valor)
subject surface form:
Itamar Franco
this entity surface form:
Plano Real (Real Plan)