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.

All labels observed (2)

Label Occurrences
Plano Collor canonical 2
Plano Collor II 1

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf Brazilian economic stabilization plan ⓘ
macroeconomic policy program ⓘ
announcedBy Fernando Collor de Mello ⓘ
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 ⓘ
linked to: Plano Collor

Plano Real ⓘ
hasEffect economic recession ⓘ
loss of public confidence in financial system ⓘ
reduction of inflation in the short term ⓘ
implementedBy Ministry of Economy of Brazil ⓘ
implementedIn Brazil ⓘ
implementedUnderGovernment Collor administration ⓘ
includesMeasure indexation reduction ⓘ
price deindexation ⓘ
privatization of state-owned enterprises ⓘ
public spending cuts ⓘ
tax increases ⓘ
trade opening ⓘ
introducedCurrency Cruzeiro (replacing Cruzado Novo) ⓘ
linked to: cruzeiro
legalBasis provisional measures and federal legislation ⓘ
mainGoal curb hyperinflation ⓘ
stabilize Brazilian economy ⓘ
namedAfter Fernando Collor de Mello ⓘ
policyType anti-inflation program ⓘ
shock therapy ⓘ
precededBy Plano Verão ⓘ
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 ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Plano Real → precededBy → Plano Collor ⓘ
Plano Collor → followedBy → Plano Collor II ⓘ
linked to: Plano Collor
Plano Verão → precededPlan → Plano Collor ⓘ