The "hot money" phenomenon in Brazil

Detalhes bibliográficos
Autor(a) principal: Gaulard,Mylène
Data de Publicação: 2012
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300002
Resumo: Because of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what penalizes the Brazilian exportations of manufactured products. Moreover, capital inflows are extremely volatile, and their departure, causing a fall in loans granted to the Brazilian private banks, could provoke a dangerous burst of the speculative bubble they have contributed to form in the Brazilian real estate sector.
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spelling The "hot money" phenomenon in BrazilBrazilcarry-tradecapital inflowsspeculative bubblesBecause of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what penalizes the Brazilian exportations of manufactured products. Moreover, capital inflows are extremely volatile, and their departure, causing a fall in loans granted to the Brazilian private banks, could provoke a dangerous burst of the speculative bubble they have contributed to form in the Brazilian real estate sector.Centro de Economia Política2012-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300002Brazilian Journal of Political Economy v.32 n.3 2012reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/S0101-31572012000300002info:eu-repo/semantics/openAccessGaulard,Mylèneeng2012-09-28T00:00:00Zoai:scielo:S0101-31572012000300002Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2012-09-28T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv The "hot money" phenomenon in Brazil
title The "hot money" phenomenon in Brazil
spellingShingle The "hot money" phenomenon in Brazil
Gaulard,Mylène
Brazil
carry-trade
capital inflows
speculative bubbles
title_short The "hot money" phenomenon in Brazil
title_full The "hot money" phenomenon in Brazil
title_fullStr The "hot money" phenomenon in Brazil
title_full_unstemmed The "hot money" phenomenon in Brazil
title_sort The "hot money" phenomenon in Brazil
author Gaulard,Mylène
author_facet Gaulard,Mylène
author_role author
dc.contributor.author.fl_str_mv Gaulard,Mylène
dc.subject.por.fl_str_mv Brazil
carry-trade
capital inflows
speculative bubbles
topic Brazil
carry-trade
capital inflows
speculative bubbles
description Because of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what penalizes the Brazilian exportations of manufactured products. Moreover, capital inflows are extremely volatile, and their departure, causing a fall in loans granted to the Brazilian private banks, could provoke a dangerous burst of the speculative bubble they have contributed to form in the Brazilian real estate sector.
publishDate 2012
dc.date.none.fl_str_mv 2012-09-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300002
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300002
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0101-31572012000300002
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.32 n.3 2012
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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