Financial flows and the New Developmentalism
Autor(a) principal: | |
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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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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 |
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 |
_version_ |
1754122482122489856 |