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¿El crédito afecta a la deforestación? La evidencia de una política de crédito rural en la Amazonia brasileña
This executive summary evaluates the impact of Resolution 3.545, a 2008 Brazilian Central Bank policy that conditioned rural credit in the Amazon biome on compliance with environmental regulations. The study finds that the policy significantly reduced rural credit disbursement, particularly for large-scale livestock producers, which in turn led to a measurable decrease in deforestation between 2008 and 2011.
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Document type: Executive summary
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