A tendência à sobreapreciação da taxa de câmbio

Detalhes bibliográficos
Autor(a) principal: Bresser-Pereira, Luiz Carlos
Data de Publicação: 2009
Tipo de documento: Artigo
Idioma: por
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/2609
Resumo: 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 exchange rate anchors, the policy of 'capital deepening', and exchange rate populism. Either the country neutralizes this tendency and grows fast, or does not and will suffer cyclical balance of payment crises.
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spelling Bresser-Pereira, Luiz CarlosEscolas::EESP2009-04-13T20:21:47Z2009-04-13T20:21:47Z2009-04-13http://hdl.handle.net/10438/2609In 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 exchange rate anchors, the policy of 'capital deepening', and exchange rate populism. Either the country neutralizes this tendency and grows fast, or does not and will suffer cyclical balance of payment crises.Nos países em desenvolvimento há uma tendência à sobrevalorização da taxa de câmbio. Existem duas causas estruturais: a doença holandesa e a atração que altos lucros e taxas de juros nos países em desenvolvimento exercem sobre capitais externos, e quatro causas políticas: a política do crescimento com poupança externa, o controle da inflação através de uma 'âncora', cambial, a política de 'aprofundamento de capital', e o populismo cambial. O país deverá neutralizar esta tendência para poder ter um crescimento rápido, ou sofrerá crises cíclicas de balanço de pagamentoporTextos para Discussão;183Exchange rate overvaluationDutch diseaseForeign savingsExchange rate populismEconomiaEconomiaA tendência à sobreapreciação da taxa de câmbioinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINALTD 183 - Luiz Carlos Bresser Pereira.pdfTD 183 - Luiz Carlos Bresser Pereira.pdfapplication/pdf225733https://repositorio.fgv.br/bitstreams/7d453bd3-a83c-41c6-9d1d-3aa5d4e87a1a/download5dd539b9c973ffbb18c4573853d1e7bcMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-81838https://repositorio.fgv.br/bitstreams/288d266b-e216-4ce9-829a-a56ef4859b8f/download4c3f8f8b425c91eee2ada2d4061ff319MD52TEXTTD 183 - Luiz Carlos Bresser Pereira.pdf.txtTD 183 - Luiz Carlos Bresser 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dc.title.por.fl_str_mv A tendência à sobreapreciação da taxa de câmbio
title A tendência à sobreapreciação da taxa de câmbio
spellingShingle A tendência à sobreapreciação da taxa de câmbio
Bresser-Pereira, Luiz Carlos
Exchange rate overvaluation
Dutch disease
Foreign savings
Exchange rate populism
Economia
Economia
title_short A tendência à sobreapreciação da taxa de câmbio
title_full A tendência à sobreapreciação da taxa de câmbio
title_fullStr A tendência à sobreapreciação da taxa de câmbio
title_full_unstemmed A tendência à sobreapreciação da taxa de câmbio
title_sort A tendência à sobreapreciação da taxa de câmbio
author Bresser-Pereira, Luiz Carlos
author_facet Bresser-Pereira, Luiz Carlos
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.author.fl_str_mv Bresser-Pereira, Luiz Carlos
dc.subject.por.fl_str_mv Exchange rate overvaluation
Dutch disease
Foreign savings
Exchange rate populism
topic Exchange rate overvaluation
Dutch disease
Foreign savings
Exchange rate populism
Economia
Economia
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Economia
description 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 exchange rate anchors, the policy of 'capital deepening', and exchange rate populism. Either the country neutralizes this tendency and grows fast, or does not and will suffer cyclical balance of payment crises.
publishDate 2009
dc.date.accessioned.fl_str_mv 2009-04-13T20:21:47Z
dc.date.available.fl_str_mv 2009-04-13T20:21:47Z
dc.date.issued.fl_str_mv 2009-04-13
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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url http://hdl.handle.net/10438/2609
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