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 est...

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1. Verfasser: Paiva, Claudio (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C International Monetary Fund 2006
Schriftenreihe:IMF Working Papers Working Paper No. 06/221
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Zusammenfassung: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
Beschreibung:1 Online-Ressource (22 p)
ISBN:1451864817
9781451864816

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