Exchange-rate management in Brazil

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cepal.accesible39046
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(99/2009)
cepal.docTypeRevistas
cepal.physicalDescriptiongráficos., tablas.
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngSTRUCTURAL HETEROGENEITY
cepal.topicSpaHETEROGENEIDAD ESTRUCTURAL
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorCunha, André Moreira
dc.contributor.authorLélis, Marcos Tadeo Caputi
dc.contributor.authorPrates, Daniela Magalhães
dc.coverage.spatialEngBRAZIL
dc.coverage.spatialSpaBRASIL
dc.date.accessioned2014-01-02T18:44:53Z
dc.date.available2014-01-02T18:44:53Z
dc.date.issued2009-12
dc.descriptionIncludes bibliography
dc.description.abstractThis 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.
dc.formatTexto
dc.format.extentpáginas. 95-115
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2418-P
dc.identifier.urihttps://hdl.handle.net/11362/11368
dc.language.isoeng
dc.physicalDescriptiongrafs., tabls.
dc.physicalDescriptionp. 95-115
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo99
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngFLOATING EXCHANGE RATES
dc.subject.unbisEngFOREIGN EXCHANGE MARKETS
dc.subject.unbisEngMONETARY RESERVES
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaTIPOS DE CAMBIO FLOTANTES
dc.subject.unbisSpaMERCADOS DE DIVISAS
dc.subject.unbisSpaRESERVAS MONETARIAS
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.titleExchange-rate management in Brazil
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublicationc41120f5-72bf-49e3-a97f-b95e16120632
relation.isAuthorOfPublication799a339e-de86-4371-9c47-2cd84b03fd2c
relation.isAuthorOfPublication03b2af49-294c-4bba-8e04-eb55d5dbc38c
relation.isAuthorOfPublication.latestForDiscoveryc41120f5-72bf-49e3-a97f-b95e16120632
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