By the spring of 1983, Brazil was missing its IMF economic-reform t...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
By the spring of 1983, Brazil was missing its IMF economic-reform targets, and the fund and the banks halted their emergency payments. The Fed was alarmed by Brazil’s eroding short-term credit lines. On May 31, Volcker called in Preston and other chairmen to discuss the rescue.
chapter: 32. Samba