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External Adjustment and Equilibrium Exchange Rate in Brazil / Claudio Paiva.
- Format:
- Book
- Government document
- Author/Creator:
- Paiva, Claudio.
- Series:
- IMF Working Papers; Working Paper ; No. 2006/221
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Foreign exchange--Brazil.
- Foreign exchange.
- Balance of trade--Brazil.
- Balance of trade.
- Physical Description:
- 1 online resource (23 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2006.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- ""Contents""; ""I. INTRODUCTION""; ""II. THE EXTERNAL ADJUSTMENT""; ""III. THE EQUILIBRIUM EXCHANGE RATE IN BRAZIL""; ""IV. CONCLUDING REMARKS""; ""REFERENCES""
- Notes:
- "October 2006."
- Includes bibliographical references.
- Description based on print version record.
- ISBN:
- 9786613829498
- 9781462376032
- 1462376037
- 9781452763255
- 1452763259
- 9781283517041
- 1283517043
- 9781451909340
- 1451909349
- OCLC:
- 694141247
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