O cambio de equilíbrio do Brasil

Detalhes bibliográficos
Autor(a) principal: Holanda, Marcos C.
Data de Publicação: 2002
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/220043
Resumo: The papertriesto estimate the equilibrium real exchange rate for the Brazilian economy during the 1975-1998 period. It uses three alternative approaches in estimating the equilibrium exchange rate. The first is based on the theory of purchasing power parity, and the others are based on the concepts of fundamental and structural equilibrium exchange rate. The estimates show that on the occasion of the introduction of the Real stabilization program, the exchange rate was very close to its equilibrium level. They also show that the magnitude of the overvaluation ofthe domestic currency in 1998 would notjustify, atleast under the argument of competitiveness problems, the risks of a change in the country's exchange rate regime prevailing at that time.
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spelling O cambio de equilíbrio do Brasilequilibrium exchange rateexchange rate overvaluationReal PlanThe papertriesto estimate the equilibrium real exchange rate for the Brazilian economy during the 1975-1998 period. It uses three alternative approaches in estimating the equilibrium exchange rate. The first is based on the theory of purchasing power parity, and the others are based on the concepts of fundamental and structural equilibrium exchange rate. The estimates show that on the occasion of the introduction of the Real stabilization program, the exchange rate was very close to its equilibrium level. They also show that the magnitude of the overvaluation ofthe domestic currency in 1998 would notjustify, atleast under the argument of competitiveness problems, the risks of a change in the country's exchange rate regime prevailing at that time.Universidade de São Paulo, FEA-RP/USP2002-08-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/22004310.11606/1413-8050/ea22043Economia Aplicada; Vol. 6 Núm. 4 (2002); 681-701Economia Aplicada; Vol. 6 No. 4 (2002); 681-701Economia Aplicada; v. 6 n. 4 (2002); 681-7011980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ecoa/article/view/220043/200864Copyright (c) 2002 Economia Aplicadahttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessHolanda, Marcos C. 2023-12-11T14:52:54Zoai:revistas.usp.br:article/220043Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-12-11T14:52:54Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv O cambio de equilíbrio do Brasil
title O cambio de equilíbrio do Brasil
spellingShingle O cambio de equilíbrio do Brasil
Holanda, Marcos C.
equilibrium exchange rate
exchange rate overvaluation
Real Plan
title_short O cambio de equilíbrio do Brasil
title_full O cambio de equilíbrio do Brasil
title_fullStr O cambio de equilíbrio do Brasil
title_full_unstemmed O cambio de equilíbrio do Brasil
title_sort O cambio de equilíbrio do Brasil
author Holanda, Marcos C.
author_facet Holanda, Marcos C.
author_role author
dc.contributor.author.fl_str_mv Holanda, Marcos C.
dc.subject.por.fl_str_mv equilibrium exchange rate
exchange rate overvaluation
Real Plan
topic equilibrium exchange rate
exchange rate overvaluation
Real Plan
description The papertriesto estimate the equilibrium real exchange rate for the Brazilian economy during the 1975-1998 period. It uses three alternative approaches in estimating the equilibrium exchange rate. The first is based on the theory of purchasing power parity, and the others are based on the concepts of fundamental and structural equilibrium exchange rate. The estimates show that on the occasion of the introduction of the Real stabilization program, the exchange rate was very close to its equilibrium level. They also show that the magnitude of the overvaluation ofthe domestic currency in 1998 would notjustify, atleast under the argument of competitiveness problems, the risks of a change in the country's exchange rate regime prevailing at that time.
publishDate 2002
dc.date.none.fl_str_mv 2002-08-30
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://www.revistas.usp.br/ecoa/article/view/220043
10.11606/1413-8050/ea22043
url https://www.revistas.usp.br/ecoa/article/view/220043
identifier_str_mv 10.11606/1413-8050/ea22043
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/220043/200864
dc.rights.driver.fl_str_mv Copyright (c) 2002 Economia Aplicada
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2002 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. 6 Núm. 4 (2002); 681-701
Economia Aplicada; Vol. 6 No. 4 (2002); 681-701
Economia Aplicada; v. 6 n. 4 (2002); 681-701
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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