Exchange Rate Policy
Mostrando 25-36 de 61 artigos, teses e dissertações.
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25. From old to new developmentalism in latin America
The failure of the Washington Consensus and of macroeconomic policies based on high interest rates and non-competitive exchange rates to generate economic growth prompted Latin America to formulate national development strategies. New developmentalism is an alternative strategy not only to conventional orthodoxy but also to old-style Latin American national
Publicado em: 26/06/2009
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26. A tendência à sobreapreciação da taxa de câmbio
In developing countries there is a tendency to the overvaluation of the exchange rate. It has two structural causes: the Dutch disease and the attraction that higher profit and interest rates usually prevailing in developing countries exert on foreign capitals, and four policy causes: the policy of growth with foreign savings, the control of inflation to exc
Publicado em: 13/04/2009
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27. Do populismo às bandas cambiais: a evolução da política cambial no Chile de 1970 a 1999
We discuss in this paper the evolution of exchange rate policy in Chile since the seventies, with special attention to overvaluation and undervaluation cycles. Following a recent literature that argues in favor of competitive currencies as part of a development strategy, we argue that the Chilean exchange rate policy in the years that go from 1984 until 1999
Brazilian Journal of Political Economy. Publicado em: 2009-09
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28. Legal discipline of foreign exchange transactions and public policy / Disciplina jurídica do câmbio e política pública
This paper aims at discussing the legal framework of foreign exchange transactions in the Brazilian legal system and its relation with public policy. The exchange rate expresses the relation between the exchange of local currency and foreign currency. The rate is subject to the influence of several different factors other than the purchasing power of the rel
Publicado em: 2009
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29. Curva a termo para o risco de conversibilidade: uma abordagem utilizando o diferencial de juros / Convertibility risk yield curve: an approach using the interest spread
This paper has the purpose of explaining the fluctuation of the convertibility risk (spread) through an alternative to the commonly used on the literature, exchange rate parity differential (DPC) measurement. The Brazilian convertibility risk will be calculated as the differential between the interest rate in dollars paid in Brazil and interest rate in dolla
Publicado em: 2009
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30. Flutuações cambiais e política monetária no Brasil : evidências econométricas e de simulação
A literatura sobre economia monetária vem despertando interesse crescente dentro da macroeconomia. Devido aos avanços computacionais, os modelos têm se tornado cada vez mais complexos e precisos, permitindo estudar detalhadamente as relações entre as variáveis reais da economia e as variáveis nominais. Dessa forma, através de um modelo de equilíbrio
Publicado em: 2009
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31. The truncated deindustrialization : perspectives of economic development / A desindustrialização truncada, perspectivas do desenvolvimento economico brasileiro
This thesis discusses the recent history and prospects of Brazilian economic development from the perspective of the industry. The central hypothesis is that Brazil has undergone a process of relative industrialization and that is the main cause of increasing the countrys distance with regard to the frontier of development. The destruction of the industry
Publicado em: 2009
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32. Inflation Targeting in Brazil: a Keynesian Approach
O Regime de Meta de Inflação se Tornou Dominante na Formulação de Políticas dos Bancos Centrais nos Últimos 15 Anos. a Teoria Subjacente, Particularmente a Regra de Taylor, Pode ser Vista como uma Competente Generalização Desse Comportamento. de um Ponto de Vista Keynesiano, Ele Será Aceitável se Encararmos a Taxa de Juros de Equilíbrio como Apena
Publicado em: 16/10/2008
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33. Exchange rate, interest rate and prices in the Brazilian system of inflation targets / Taxa de câmbio, taxa de juros e preços no regime brasileiro de metas de inflação
The deployment of a new system of monetary policy at the end of the decade of 1990 meant major changes in policy to combat inflation in Brazil. By the year 1999 monetary policy was restrictive, with an exchange rate that could be valued. After July 1999, the Central Bank started to have only one goal: to keep inflation under control, for that, it had as only
Publicado em: 2008
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34. Tests applied in macroeconomics: exchange rate expectations and inflation / Ensaios aplicados de macroeconomia: taxa de câmbio e expectativas de inflação
This doctoral thesis consists of three essays in applied macroeconomics. The first essay retakes the classic result of the article by Meese and Rogoff (1983), in which the authors found strong evidence that no structural model for the exchange rate surpasses the projections of a random walk model. In this first essay we compare the error of the projections f
Publicado em: 2008
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35. A piramide e a esfinge : estudo sobre a hierarquia das divisas, a integração financeira de paises perifericos e a volatilidade de cambio e juros / The Pyramid and the Sphinx : a study on currency hierarchy, financial integration of peripheral countries and the volatility of exchange
This dissertation consists of a theoretical analysis and an empirical study on the effects of international financial integration on the volatility of macroeconomic variables, such as exchange rates and interest rates in peripheral countries. In the proposed theoretical approach, which is developed in the first chapter, the analysis starts with a qualitative
Publicado em: 2008
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36. ENSAIOS SOBRE A FORMAÇÃO DE EXPECTATIVAS DE INFLAÇÃO / ESSAYS ON INFLATION EXPECTATIONS
This dissertation is divided in four papers about monetary policy. Initially, we evaluate how inflation expectations are formed in BrazilOur results suggest that data do not follow what rational or adaptive expectations would predict. Using two different methods to measure the informational readjustment frequency in Brazil, we find evidence that inflation ex
Publicado em: 2008