Samba effect
id:
samba-effect-253-4559576
title:
Samba effect
text:
The samba effect is a nickname for the financial crisis in Brazil in 1999 where there was a 35% drop in the value of the Brazilian real. The effect was caused by the 1997 Asian financial crisis, which led Brazil to increase interest rates and to institute spending cuts and tax increases in an attempt to maintain the value of its currency. These measures failed to produce the intended effect, and the Brazilian government floated its currency against the US dollar, which led to the dramatic decrea
brand slug:
wiki
category slug:
encyclopedia
description:
1999 35% drop in the value of the Brazilian real
original url:
https://en.wikipedia.org/wiki/Samba_effect
date created:
date modified:
2024-02-04T17:05:24Z
main entity:
{"identifier":"Q2663348","url":"https://www.wikidata.org/entity/Q2663348"}
image:
fields total:
13
integrity:
14