Exchange-rate management in Brazil
Includes bibliography
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| Lenguaje: | English |
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2014
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| Acceso en línea: | http://hdl.handle.net/11362/11368 |
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oai-11362-113682020-03-06T16:50:27Z Exchange-rate management in Brazil Prates, Daniela Magalhães Cunha, André Moreira Lélis, Marcos Tadeo Caputi POLITICA ECONOMICA TIPOS DE CAMBIO FLOTANTES MERCADOS DE DIVISAS RESERVAS MONETARIAS MODELOS ECONOMETRICOS INDICADORES ECONOMICOS ECONOMIC POLICY FLOATING EXCHANGE RATES FOREIGN EXCHANGE MARKETS MONETARY RESERVES ECONOMETRIC MODELS ECONOMIC INDICATORS Includes bibliography This paper examines four hypotheses: (i); in Brazil, as in otherperipheral countries in the post-crisis context, a policy choice appears tohave been made for a flexible exchange rate within a currency band ("dirtyfloat");; (ii); the underlying reasons for this policy appear to have more to dowith pass-through of exchange-rate variations and precautionary demandfor reserves than with the maintenance of a competitive real exchangerate; (iii); in the country's peculiar situation, considerable capital mobility isconjoined with large and liquid financial derivatives markets and a reservesbuild-up policy that carries a high fiscal cost; (iv); until April 2006, reservesaccumulated in much the same way under the floating exchange-ratesystem as they had under the currency band regime; there have beenchanges since then owing to the rapid growth of reserves. 2014-01-02T18:44:53Z 2014-01-02T18:44:53Z 2009-12 Texto Sección o Parte de un Documento http://hdl.handle.net/11362/11368 LC/G.2418-P en CEPAL Review CEPAL Review 99 application/pdf BRASIL BRAZIL |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
POLITICA ECONOMICA TIPOS DE CAMBIO FLOTANTES MERCADOS DE DIVISAS RESERVAS MONETARIAS MODELOS ECONOMETRICOS INDICADORES ECONOMICOS ECONOMIC POLICY FLOATING EXCHANGE RATES FOREIGN EXCHANGE MARKETS MONETARY RESERVES ECONOMETRIC MODELS ECONOMIC INDICATORS |
| spellingShingle |
POLITICA ECONOMICA TIPOS DE CAMBIO FLOTANTES MERCADOS DE DIVISAS RESERVAS MONETARIAS MODELOS ECONOMETRICOS INDICADORES ECONOMICOS ECONOMIC POLICY FLOATING EXCHANGE RATES FOREIGN EXCHANGE MARKETS MONETARY RESERVES ECONOMETRIC MODELS ECONOMIC INDICATORS Prates, Daniela Magalhães Cunha, André Moreira Lélis, Marcos Tadeo Caputi Exchange-rate management in Brazil |
| description |
Includes bibliography |
| format |
Texto |
| author |
Prates, Daniela Magalhães Cunha, André Moreira Lélis, Marcos Tadeo Caputi |
| author_facet |
Prates, Daniela Magalhães Cunha, André Moreira Lélis, Marcos Tadeo Caputi |
| author_sort |
Prates, Daniela Magalhães |
| title |
Exchange-rate management in Brazil |
| title_short |
Exchange-rate management in Brazil |
| title_full |
Exchange-rate management in Brazil |
| title_fullStr |
Exchange-rate management in Brazil |
| title_full_unstemmed |
Exchange-rate management in Brazil |
| title_sort |
exchange-rate management in brazil |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/11368 |
| work_keys_str_mv |
AT pratesdanielamagalhaes exchangeratemanagementinbrazil AT cunhaandremoreira exchangeratemanagementinbrazil AT lelismarcostadeocaputi exchangeratemanagementinbrazil |
| _version_ |
1718440890992689152 |