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External adjustment and equilibrium exchange rate in Brazil /
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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
2006.
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| Colección: | IMF working paper ;
WP/06/221. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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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| Descripción Física: | 1 online resource (21 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1283517043 9781283517041 9781451909340 1451909349 |
| ISSN: | 2227-8885 ; |