Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013

Detalhes bibliográficos
Autor(a) principal: Rocha Sarto, Victor Hugo
Data de Publicação: 2016
Outros Autores: Togeiro de Almeida, Luciana
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/2738
Resumo: This work has two goals. The first one is to develop an interpretation for open economies founded on Minsky’s financial fragility hypothesis about the process of a currency crisis and its determinants. The deterioration of an economy’s external financial structure is identified as the reason for the increase of its crisis susceptibility. With this approach, we create external fragility indexes intending to measure an economy’s crisis susceptibility. Our second objective is to evaluate the Brazilian external fragility between 1999 and 2013 using the index and the interpretation previously developed. The results suggest that Brazilian’s external fragility suffered a gradual and significant decrease and tends to follow stable trend in the coming years.
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spelling Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013Minskycrises cambiaisfragilidade externaeconomia brasileira.This work has two goals. The first one is to develop an interpretation for open economies founded on Minsky’s financial fragility hypothesis about the process of a currency crisis and its determinants. The deterioration of an economy’s external financial structure is identified as the reason for the increase of its crisis susceptibility. With this approach, we create external fragility indexes intending to measure an economy’s crisis susceptibility. Our second objective is to evaluate the Brazilian external fragility between 1999 and 2013 using the index and the interpretation previously developed. The results suggest that Brazilian’s external fragility suffered a gradual and significant decrease and tends to follow stable trend in the coming years.Departamento de Ciências Econômicas da UFMG2016-12-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/2738Nova Economia; Vol. 25 (2015): Número EspecialNova Economia; v. 25 (2015): Número Especial1980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGenghttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/2738/1853Copyright (c) 2016 Nova Economiainfo:eu-repo/semantics/openAccessRocha Sarto, Victor HugoTogeiro de Almeida, Luciana2020-10-04T22:19:40Zoai:ojs.pkp.sfu.ca:article/2738Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2020-10-04T22:19:40Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
title Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
spellingShingle Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
Rocha Sarto, Victor Hugo
Minsky
crises cambiais
fragilidade externa
economia brasileira.
title_short Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
title_full Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
title_fullStr Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
title_full_unstemmed Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
title_sort Currency crisis and external fragility: a Minskyan interpretation applied to the Brazilian economy between 1999 and 2013
author Rocha Sarto, Victor Hugo
author_facet Rocha Sarto, Victor Hugo
Togeiro de Almeida, Luciana
author_role author
author2 Togeiro de Almeida, Luciana
author2_role author
dc.contributor.author.fl_str_mv Rocha Sarto, Victor Hugo
Togeiro de Almeida, Luciana
dc.subject.por.fl_str_mv Minsky
crises cambiais
fragilidade externa
economia brasileira.
topic Minsky
crises cambiais
fragilidade externa
economia brasileira.
description This work has two goals. The first one is to develop an interpretation for open economies founded on Minsky’s financial fragility hypothesis about the process of a currency crisis and its determinants. The deterioration of an economy’s external financial structure is identified as the reason for the increase of its crisis susceptibility. With this approach, we create external fragility indexes intending to measure an economy’s crisis susceptibility. Our second objective is to evaluate the Brazilian external fragility between 1999 and 2013 using the index and the interpretation previously developed. The results suggest that Brazilian’s external fragility suffered a gradual and significant decrease and tends to follow stable trend in the coming years.
publishDate 2016
dc.date.none.fl_str_mv 2016-12-30
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/2738
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/2738
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/2738/1853
dc.rights.driver.fl_str_mv Copyright (c) 2016 Nova Economia
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2016 Nova Economia
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 25 (2015): Número Especial
Nova Economia; v. 25 (2015): Número Especial
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
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