03636oam 22009734 450 991078870100332120230828235844.01-4623-7603-71-4527-6325-91-283-51704-397866138294981-4519-0934-9(CKB)3360000000443875(EBL)3014542(SSID)ssj0000940798(PQKBManifestationID)11518143(PQKBTitleCode)TC0000940798(PQKBWorkID)10975344(PQKB)11461422(OCoLC)694141247(MiAaPQ)EBC3014542(IMF)WPIEE2006221(EXLCZ)99336000000044387520020129d2006 uf 0engur|n|---|||||txtccrExternal Adjustment and Equilibrium Exchange Rate in Brazil /Claudio PaivaWashington, D.C. :International Monetary Fund,2006.1 online resource (23 p.)IMF Working Papers"October 2006."1-4518-6481-7 Includes bibliographical references.""Contents""; ""I. INTRODUCTION""; ""II. THE EXTERNAL ADJUSTMENT""; ""III. THE EQUILIBRIUM EXCHANGE RATE IN BRAZIL""; ""IV. CONCLUDING REMARKS""; ""REFERENCES""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.IMF Working Papers; Working Paper ;No. 2006/221Foreign exchangeBrazilBalance of tradeBrazilBanks and BankingimfExports and ImportsimfForeign ExchangeimfInterest Rates: Determination, Term Structure, and EffectsimfCurrent Account AdjustmentimfShort-term Capital MovementsimfCurrencyimfForeign exchangeimfFinanceimfInternational economicsimfReal effective exchange ratesimfExchange ratesimfReal exchange ratesimfReal interest ratesimfCurrent accountimfInterest ratesimfBalance of paymentsimfBrazilimfForeign exchangeBalance of tradeBanks and BankingExports and ImportsForeign ExchangeInterest Rates: Determination, Term Structure, and EffectsCurrent Account AdjustmentShort-term Capital MovementsCurrencyForeign exchangeFinanceInternational economicsReal effective exchange ratesExchange ratesReal exchange ratesReal interest ratesCurrent accountInterest ratesBalance of paymentsPaiva Claudio1462128DcWaIMFBOOK9910788701003321External Adjustment and Equilibrium Exchange Rate in Brazil3673718UNINA