Plano Collor
E806326
Plano Collor was a controversial early-1990s Brazilian economic stabilization program that sought to curb hyperinflation through drastic measures such as freezing bank deposits and implementing fiscal and monetary reforms.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
Brazilian economic stabilization plan
ⓘ
macroeconomic policy program ⓘ |
| announcedBy | Fernando Collor de Mello NERFINISHED ⓘ |
| appliedDuring | early 1990s ⓘ |
| appliesTo |
bank deposits
ⓘ
financial investments ⓘ savings accounts ⓘ |
| characterizedBy |
controversial measures
ⓘ
heterodox economic policies ⓘ |
| country | Brazil ⓘ |
| criticizedFor |
confiscation of private savings
ⓘ
legal uncertainty ⓘ social and economic hardship ⓘ |
| depositFreezeDuration | 18 months (planned) ⓘ |
| depositFreezeScope | most private financial assets above a low threshold ⓘ |
| economicContext |
chronic fiscal deficits
ⓘ
high public debt ⓘ |
| followedBy |
Plano Collor II
NERFINISHED
ⓘ
Plano Real NERFINISHED ⓘ |
| hasEffect |
economic recession
ⓘ
loss of public confidence in financial system ⓘ reduction of inflation in the short term ⓘ |
| implementedBy | Ministry of Economy of Brazil NERFINISHED ⓘ |
| implementedIn | Brazil NERFINISHED ⓘ |
| implementedUnderGovernment | Collor administration NERFINISHED ⓘ |
| includesMeasure |
indexation reduction
ⓘ
price deindexation ⓘ privatization of state-owned enterprises ⓘ public spending cuts ⓘ tax increases ⓘ trade opening ⓘ |
| introducedCurrency | Cruzeiro (replacing Cruzado Novo) NERFINISHED ⓘ |
| legalBasis | provisional measures and federal legislation ⓘ |
| mainGoal |
curb hyperinflation
ⓘ
stabilize Brazilian economy ⓘ |
| namedAfter | Fernando Collor de Mello NERFINISHED ⓘ |
| policyType |
anti-inflation program
ⓘ
shock therapy ⓘ |
| precededBy | Plano Verão NERFINISHED ⓘ |
| publicPerception | highly controversial ⓘ |
| reasonForImplementation |
chronic high inflation
ⓘ
hyperinflation crisis ⓘ |
| startTime | 1990 ⓘ |
| usesPolicyInstrument |
bank deposit freeze
ⓘ
fiscal reform ⓘ monetary reform ⓘ price controls ⓘ privatization program ⓘ trade liberalization measures ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.