Mobilidade de capital internacional no Brasil

Detalhes bibliográficos
Autor(a) principal: Holanda, Marcos Costa
Data de Publicação: 2023
Outros Autores: Cavalcante, Mileno Tavares
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/219093
Resumo: The main objective ofthis paper is to measure the degree ofBrazilian economy's openness to foreign capital flows between 1987 and 1996. The covered (CIP) and uncovered (UIP) interest parities were used as capital mobility indicators. The use oftwo series ofexchange rate expectation, estimated according to the extrapolative and rational hypothesis allowed the estimation ofUIP. Only the CIP results supportthe perfect capital mobility hypothesis. The estimates of the interest parities allow the decomposition of the exchange rate risk in two components: country risk and currency risk.
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spelling Mobilidade de capital internacional no Brasilcapital mobilityinterest rate paritiesexchange rate riskBrazilThe main objective ofthis paper is to measure the degree ofBrazilian economy's openness to foreign capital flows between 1987 and 1996. The covered (CIP) and uncovered (UIP) interest parities were used as capital mobility indicators. The use oftwo series ofexchange rate expectation, estimated according to the extrapolative and rational hypothesis allowed the estimation ofUIP. Only the CIP results supportthe perfect capital mobility hypothesis. The estimates of the interest parities allow the decomposition of the exchange rate risk in two components: country risk and currency risk.Universidade de São Paulo, FEA-RP/USP2023-12-06info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/21909310.11606/1413-8050/ea219093Economia Aplicada; Vol. 5 Núm. 2 (2001); 261-279Economia Aplicada; Vol. 5 No. 2 (2001); 261-279Economia Aplicada; v. 5 n. 2 (2001); 261-2791980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ecoa/article/view/219093/200031Copyright (c) 2001 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessHolanda, Marcos Costa Cavalcante, Mileno Tavares 2023-12-06T12:57:53Zoai:revistas.usp.br:article/219093Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-12-06T12:57:53Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Mobilidade de capital internacional no Brasil
title Mobilidade de capital internacional no Brasil
spellingShingle Mobilidade de capital internacional no Brasil
Holanda, Marcos Costa
capital mobility
interest rate parities
exchange rate risk
Brazil
title_short Mobilidade de capital internacional no Brasil
title_full Mobilidade de capital internacional no Brasil
title_fullStr Mobilidade de capital internacional no Brasil
title_full_unstemmed Mobilidade de capital internacional no Brasil
title_sort Mobilidade de capital internacional no Brasil
author Holanda, Marcos Costa
author_facet Holanda, Marcos Costa
Cavalcante, Mileno Tavares
author_role author
author2 Cavalcante, Mileno Tavares
author2_role author
dc.contributor.author.fl_str_mv Holanda, Marcos Costa
Cavalcante, Mileno Tavares
dc.subject.por.fl_str_mv capital mobility
interest rate parities
exchange rate risk
Brazil
topic capital mobility
interest rate parities
exchange rate risk
Brazil
description The main objective ofthis paper is to measure the degree ofBrazilian economy's openness to foreign capital flows between 1987 and 1996. The covered (CIP) and uncovered (UIP) interest parities were used as capital mobility indicators. The use oftwo series ofexchange rate expectation, estimated according to the extrapolative and rational hypothesis allowed the estimation ofUIP. Only the CIP results supportthe perfect capital mobility hypothesis. The estimates of the interest parities allow the decomposition of the exchange rate risk in two components: country risk and currency risk.
publishDate 2023
dc.date.none.fl_str_mv 2023-12-06
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://www.revistas.usp.br/ecoa/article/view/219093
10.11606/1413-8050/ea219093
url https://www.revistas.usp.br/ecoa/article/view/219093
identifier_str_mv 10.11606/1413-8050/ea219093
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/219093/200031
dc.rights.driver.fl_str_mv Copyright (c) 2001 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2001 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 5 Núm. 2 (2001); 261-279
Economia Aplicada; Vol. 5 No. 2 (2001); 261-279
Economia Aplicada; v. 5 n. 2 (2001); 261-279
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
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