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Evolution of CPR interest rate and selic rate – Sep/2001 to Aug/2004. Search: CEPEA/Esalq-USP panies and traders that need rural products for export or processing. The high competition in this market makes the CPR rate lower than selic rate since May/03, which financial volume is higher than R$ 90 millions.
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In the eighties, when several economic crises forced the public sector to reduce its budget and caused the bankruptcy of the credit system in Brazilian agriculture, a new instrument was developed: CPR (certificate of rural product). This paper presents a discussion of what is CPR, how this new instrument of credit has been developed and how it is i...
Context in source publication
Context 1
... high interest rates prevailing in the Brazilian economy (Schouchana, 2000). On the other hand, the interest rate of CPR is the second lower rate in Brazil compared with Selic Tax, that is the basic interest rate of Brazilian economy. Figure 3 shows the recent evolution of CPR interest rate and Selic rate. It is important to consider that the market players are not the just speculators, but com- Since the guarantee’s costs of CPR are high, there is a considerable amount of CPR’s called “of drawer” without official registration in CETIP (Pimentel, 2000). Informally, it is ...
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