External Adjustment and Equilibrium Exchange Rate in Brazil

Author/creator Paiva, Cláudio Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description41 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation This paper investigates the factors behind the significant improvement in Brazil's external accounts and wide fluctuations of the real exchange rate since the floating of the real in 1999. Particular attention is devoted to the strong appreciation of the real from 2003-05. Econometric estimates of of behavioral equilibrium exchange rate (BEER) model for Brazil show that most of this appreciation was an equilibrium response to improved economic fundamentals.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451909340
ISBN1451909349 (E-Book) Active Record
Stock number00013468

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