Currency crisis and external fragility: A minskyan interpretation applied to the Brazilian economy between 1999 and 2013

Detalhes bibliográficos
Autor(a) principal: Sarto, Victor Hugo Rocha [UNESP]
Data de Publicação: 2015
Outros Autores: de Almeida, Luciana Togeiro [UNESP]
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional da UNESP
Texto Completo: http://dx.doi.org/10.1590/0103-6351/2738
http://hdl.handle.net/11449/171365
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 2013Crises cambiais e fragilidade externa: Uma interpretação minskyana aplicada à economia Brasileira entre 1999 e 2013Brazilian economyCurrency crisisExternal fragilityMinskyThis 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.Universidade Estadual Paulista “Júlio de Mesquita Filho” – UNESP, Campus de AraraquaraUniversidade Estadual Paulista “Júlio de Mesquita Filho” – UNESP, Campus de AraraquaraUniversidade Estadual Paulista (Unesp)Sarto, Victor Hugo Rocha [UNESP]de Almeida, Luciana Togeiro [UNESP]2018-12-11T16:55:02Z2018-12-11T16:55:02Z2015-12-01info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article891-938application/pdfhttp://dx.doi.org/10.1590/0103-6351/2738Nova Economia, v. 25, n. Special Issue, p. 891-938, 2015.1980-53810103-6351http://hdl.handle.net/11449/17136510.1590/0103-6351/2738S0103-635120150004008912-s2.0-85052060058S0103-63512015000400891.pdfScopusreponame:Repositório Institucional da UNESPinstname:Universidade Estadual Paulista (UNESP)instacron:UNESPengNova Economia0,156info:eu-repo/semantics/openAccess2023-11-19T06:07:34Zoai:repositorio.unesp.br:11449/171365Repositório InstitucionalPUBhttp://repositorio.unesp.br/oai/requestopendoar:29462024-08-05T18:06:14.698440Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP)false
dc.title.none.fl_str_mv Currency crisis and external fragility: A minskyan interpretation applied to the Brazilian economy between 1999 and 2013
Crises cambiais e fragilidade externa: Uma interpretação minskyana aplicada à economia Brasileira entre 1999 e 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
Sarto, Victor Hugo Rocha [UNESP]
Brazilian economy
Currency crisis
External fragility
Minsky
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 Sarto, Victor Hugo Rocha [UNESP]
author_facet Sarto, Victor Hugo Rocha [UNESP]
de Almeida, Luciana Togeiro [UNESP]
author_role author
author2 de Almeida, Luciana Togeiro [UNESP]
author2_role author
dc.contributor.none.fl_str_mv Universidade Estadual Paulista (Unesp)
dc.contributor.author.fl_str_mv Sarto, Victor Hugo Rocha [UNESP]
de Almeida, Luciana Togeiro [UNESP]
dc.subject.por.fl_str_mv Brazilian economy
Currency crisis
External fragility
Minsky
topic Brazilian economy
Currency crisis
External fragility
Minsky
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 2015
dc.date.none.fl_str_mv 2015-12-01
2018-12-11T16:55:02Z
2018-12-11T16:55:02Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://dx.doi.org/10.1590/0103-6351/2738
Nova Economia, v. 25, n. Special Issue, p. 891-938, 2015.
1980-5381
0103-6351
http://hdl.handle.net/11449/171365
10.1590/0103-6351/2738
S0103-63512015000400891
2-s2.0-85052060058
S0103-63512015000400891.pdf
url http://dx.doi.org/10.1590/0103-6351/2738
http://hdl.handle.net/11449/171365
identifier_str_mv Nova Economia, v. 25, n. Special Issue, p. 891-938, 2015.
1980-5381
0103-6351
10.1590/0103-6351/2738
S0103-63512015000400891
2-s2.0-85052060058
S0103-63512015000400891.pdf
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Nova Economia
0,156
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 891-938
application/pdf
dc.source.none.fl_str_mv Scopus
reponame:Repositório Institucional da UNESP
instname:Universidade Estadual Paulista (UNESP)
instacron:UNESP
instname_str Universidade Estadual Paulista (UNESP)
instacron_str UNESP
institution UNESP
reponame_str Repositório Institucional da UNESP
collection Repositório Institucional da UNESP
repository.name.fl_str_mv Repositório Institucional da UNESP - Universidade Estadual Paulista (UNESP)
repository.mail.fl_str_mv
_version_ 1808128894846369792

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