Fluxos de capitais, fragilidade externa e regimes cambiais: uma revisão teórica
AUTOR(ES)
Gabriel, Luciano Ferreira, Oreiro, José Luís da Costa
FONTE
Brazilian Journal of Political Economy
DATA DE PUBLICAÇÃO
2008-06
RESUMO
Capital Flows, External Fragility and Currency Regimes: A Theoretical Review. The major integration and deregulation of the international financial markets increased the degree of interdependence and risk of incompatibility between the financial and monetary policy adopted by different countries. The consequences of these facts are the financial instability and the currency crisis. In this article we develop arguments advocating that independent of the currency regime adopted the national policy makers should take into account, between other factors, the major capital mobility and the integrations of markets. One of the corollaries of our analyses is that countries should pursue policies that reduces the degree of short-term capital volatile by the adoption of capital controls or though measures of prudential supervision.
Documentos Relacionados
- Inflação e regimes cambiais: análise de painel
- Vulnerabilidade externa e controle de capitais no Brasil: uma análise das inter-relações entre câmbio, fluxos de capitais, IOF, juros e risco-país
- Regimes cambiais: um modelo alternativo para o Brasil
- Inflação, desemprego e choques cambiais: uma revisão da literatura sobre a curva de phillips no Brasil
- Credibilidade e crises cambiais: uma aplicação do modelo de Velasco