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Record Nr. |
UNINA9910788701003321 |
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Autore |
Paiva Claudio |
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Titolo |
External Adjustment and Equilibrium Exchange Rate in Brazil / / Claudio Paiva |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2006 |
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ISBN |
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1-4623-7603-7 |
1-4527-6325-9 |
1-283-51704-3 |
9786613829498 |
1-4519-0934-9 |
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Descrizione fisica |
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1 online resource (23 p.) |
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Collana |
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Soggetti |
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Foreign exchange - Brazil |
Balance of trade - Brazil |
Banks and Banking |
Exports and Imports |
Foreign Exchange |
Interest Rates: Determination, Term Structure, and Effects |
Current Account Adjustment |
Short-term Capital Movements |
Currency |
Foreign exchange |
Finance |
International economics |
Real effective exchange rates |
Exchange rates |
Real exchange rates |
Real interest rates |
Current account |
Interest rates |
Balance of payments |
Brazil |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. INTRODUCTION""; ""II. THE EXTERNAL ADJUSTMENT""; ""III. THE EQUILIBRIUM EXCHANGE RATE IN BRAZIL""; ""IV. CONCLUDING REMARKS""; ""REFERENCES"" |
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Sommario/riassunto |
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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. |
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