03852oam 22010694 450 991096463190332120251022203249.0978661382949897814623760321462376037978145276325514527632599781283517041128351704397814519093401451909349(CKB)3360000000443875(EBL)3014542(SSID)ssj0000940798(PQKBManifestationID)11518143(PQKBTitleCode)TC0000940798(PQKBWorkID)10975344(PQKB)11461422(OCoLC)694141247(MiAaPQ)EBC3014542(IMF)WPIEE2006221(IMF)WPIEA2006221WPIEA2006221(EXLCZ)99336000000044387520020129d2006 uf 0engur|n|---|||||txtccrExternal Adjustment and Equilibrium Exchange Rate in Brazil /Claudio Paiva1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (23 p.)IMF Working Papers"October 2006."9781451864816 1451864817 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 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 tradeBrazilBalance of paymentsimfBanks and BankingimfCurrencyimfCurrent Account AdjustmentimfCurrent accountimfExchange ratesimfExports and ImportsimfFinanceimfForeign ExchangeimfForeign exchangeimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfInternational economicsimfReal effective exchange ratesimfReal exchange ratesimfReal interest ratesimfShort-term Capital MovementsimfBrazilimfForeign exchangeBalance of tradeBalance of paymentsBanks and BankingCurrencyCurrent Account AdjustmentCurrent accountExchange ratesExports and ImportsFinanceForeign ExchangeForeign exchangeInterest ratesInterest Rates: Determination, Term Structure, and EffectsInternational economicsReal effective exchange ratesReal exchange ratesReal interest ratesShort-term Capital MovementsPaiva Claudio1816356DcWaIMFBOOK9910964631903321External Adjustment and Equilibrium Exchange Rate in Brazil4372886UNINA