EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018

Detalhes bibliográficos
Autor(a) principal: Silva Archanjo, Jander Luiz
Data de Publicação: 2021
Outros Autores: Pádua Jardim de Miranda, Bernardo
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Ensaios
Texto Completo: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/54860
Resumo: The present article analyzes the external financial fragility of the Brazilian economy in the period between the years 2003 and 2018. For this purpose, external financial fragility indicators are calculated, which have as theoretical basis the Minsky Financial Fragility Hypothesis (1986), adapted for an open economy. The indicators showed that Brazil has a high proportion of short-term external liabilities, compared to reserves and that Brazilian exports are considerably low in view of the current demand for foreign currency. It was also found that the trajectory of these indices was strongly influenced by the fluctuation in commodity prices and by equity factors.
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spelling EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018Fragilidade Financeira Externa da Economia Brasileira no período 2003-2018The present article analyzes the external financial fragility of the Brazilian economy in the period between the years 2003 and 2018. For this purpose, external financial fragility indicators are calculated, which have as theoretical basis the Minsky Financial Fragility Hypothesis (1986), adapted for an open economy. The indicators showed that Brazil has a high proportion of short-term external liabilities, compared to reserves and that Brazilian exports are considerably low in view of the current demand for foreign currency. It was also found that the trajectory of these indices was strongly influenced by the fluctuation in commodity prices and by equity factors.O presente artigo analisa a fragilidade financeira externa da economia brasileira no período entre os anos de 2003 e 2018. Para tanto, são calculados indicadores de fragilidade financeira externa que possuem como fundamento teórico a Hipótese da Fragilidade Financeira de Minsky (1986), adaptada para uma economia aberta. Os indicadores mostraram que o Brasil possui elevada proporção de passivos externos de curto prazo comparativamente às reservas e que as exportações brasileiras são consideravelmente baixas, diante da demanda corrente por moeda estrangeira. Verificou-se ainda, que a trajetória desses índices foi fortemente influenciada pela oscilação dos preços de commodities e pelos fatores patrimoniais.EDUFU2021-07-21info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/5486010.14393/REE-v36n2a2021-54860Revista Economia Ensaios; Vol. 36 No. 2 (2021)Revista Economia Ensaios; v. 36 n. 2 (2021)1983-19940102-2482reponame:Economia Ensaiosinstname:Universidade Federal de Uberlândia (UFU)instacron:UFUporhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/54860/32251Copyright (c) 2021 Revista Economia Ensaiosinfo:eu-repo/semantics/openAccessSilva Archanjo, Jander Luiz Pádua Jardim de Miranda, Bernardo2021-08-13T17:29:29Zoai:ojs.www.seer.ufu.br:article/54860Revistahttps://seer.ufu.br/index.php/revistaeconomiaensaiosPUBhttps://seer.ufu.br/index.php/revistaeconomiaensaios/oai||ecoensaios@ufu.br|| ecoensaios@ufu.br1983-19940102-2482opendoar:2021-08-13T17:29:29Economia Ensaios - Universidade Federal de Uberlândia (UFU)false
dc.title.none.fl_str_mv EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
Fragilidade Financeira Externa da Economia Brasileira no período 2003-2018
title EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
spellingShingle EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
Silva Archanjo, Jander Luiz
title_short EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
title_full EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
title_fullStr EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
title_full_unstemmed EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
title_sort EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018
author Silva Archanjo, Jander Luiz
author_facet Silva Archanjo, Jander Luiz
Pádua Jardim de Miranda, Bernardo
author_role author
author2 Pádua Jardim de Miranda, Bernardo
author2_role author
dc.contributor.author.fl_str_mv Silva Archanjo, Jander Luiz
Pádua Jardim de Miranda, Bernardo
description The present article analyzes the external financial fragility of the Brazilian economy in the period between the years 2003 and 2018. For this purpose, external financial fragility indicators are calculated, which have as theoretical basis the Minsky Financial Fragility Hypothesis (1986), adapted for an open economy. The indicators showed that Brazil has a high proportion of short-term external liabilities, compared to reserves and that Brazilian exports are considerably low in view of the current demand for foreign currency. It was also found that the trajectory of these indices was strongly influenced by the fluctuation in commodity prices and by equity factors.
publishDate 2021
dc.date.none.fl_str_mv 2021-07-21
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://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/54860
10.14393/REE-v36n2a2021-54860
url https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/54860
identifier_str_mv 10.14393/REE-v36n2a2021-54860
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/54860/32251
dc.rights.driver.fl_str_mv Copyright (c) 2021 Revista Economia Ensaios
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Revista Economia Ensaios
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EDUFU
publisher.none.fl_str_mv EDUFU
dc.source.none.fl_str_mv Revista Economia Ensaios; Vol. 36 No. 2 (2021)
Revista Economia Ensaios; v. 36 n. 2 (2021)
1983-1994
0102-2482
reponame:Economia Ensaios
instname:Universidade Federal de Uberlândia (UFU)
instacron:UFU
instname_str Universidade Federal de Uberlândia (UFU)
instacron_str UFU
institution UFU
reponame_str Economia Ensaios
collection Economia Ensaios
repository.name.fl_str_mv Economia Ensaios - Universidade Federal de Uberlândia (UFU)
repository.mail.fl_str_mv ||ecoensaios@ufu.br|| ecoensaios@ufu.br
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