Financial flows and the New Developmentalism

Detalhes bibliográficos
Autor(a) principal: Carvalho,Fernando J. Cardim de
Data de Publicação: 2018
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=S0101-31572018000100115
Resumo: ABSTRACT New Developmentalism has focused its attention on trade problems created, to a large measure, by the divergences between the exchange rate that keeps the current account of the balance of payments balanced and what it calls industrial equilibrium exchange rate, the rate that would preserve the competitiveness of manufacturing firms operating at the state-or-art frontier. ND acknowledges that these rates may be disturbed by financial flows, but the role of capital account movements may be underestimated. The paper argues that financial flows have indeed been underestimated, which may make more difficult to devise efficacious policies to correct the problem of currency overvaluation.
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spelling Financial flows and the New DevelopmentalismNew DevelopmentalismExchange RatesInterest Rate Parity TheoryABSTRACT New Developmentalism has focused its attention on trade problems created, to a large measure, by the divergences between the exchange rate that keeps the current account of the balance of payments balanced and what it calls industrial equilibrium exchange rate, the rate that would preserve the competitiveness of manufacturing firms operating at the state-or-art frontier. ND acknowledges that these rates may be disturbed by financial flows, but the role of capital account movements may be underestimated. The paper argues that financial flows have indeed been underestimated, which may make more difficult to devise efficacious policies to correct the problem of currency overvaluation.Centro de Economia Política2018-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572018000100115Brazilian Journal of Political Economy v.38 n.1 2018reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572018v38n01a07info:eu-repo/semantics/openAccessCarvalho,Fernando J. Cardim deeng2018-03-15T00:00:00Zoai:scielo:S0101-31572018000100115Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2018-03-15T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Financial flows and the New Developmentalism
title Financial flows and the New Developmentalism
spellingShingle Financial flows and the New Developmentalism
Carvalho,Fernando J. Cardim de
New Developmentalism
Exchange Rates
Interest Rate Parity Theory
title_short Financial flows and the New Developmentalism
title_full Financial flows and the New Developmentalism
title_fullStr Financial flows and the New Developmentalism
title_full_unstemmed Financial flows and the New Developmentalism
title_sort Financial flows and the New Developmentalism
author Carvalho,Fernando J. Cardim de
author_facet Carvalho,Fernando J. Cardim de
author_role author
dc.contributor.author.fl_str_mv Carvalho,Fernando J. Cardim de
dc.subject.por.fl_str_mv New Developmentalism
Exchange Rates
Interest Rate Parity Theory
topic New Developmentalism
Exchange Rates
Interest Rate Parity Theory
description ABSTRACT New Developmentalism has focused its attention on trade problems created, to a large measure, by the divergences between the exchange rate that keeps the current account of the balance of payments balanced and what it calls industrial equilibrium exchange rate, the rate that would preserve the competitiveness of manufacturing firms operating at the state-or-art frontier. ND acknowledges that these rates may be disturbed by financial flows, but the role of capital account movements may be underestimated. The paper argues that financial flows have indeed been underestimated, which may make more difficult to devise efficacious policies to correct the problem of currency overvaluation.
publishDate 2018
dc.date.none.fl_str_mv 2018-03-01
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=S0101-31572018000100115
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572018000100115
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572018v38n01a07
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.38 n.1 2018
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
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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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