External Adjustment and Equilibrium Exchange Rate in Brazil

External Adjustment and Equilibrium Exchange Rate in Brazil
This paper investigates the factors behind the significant improvement in Brazil's external accounts and wide fluctuations of the real exchange rate since the floating of the real in 1999. Particular attention is devoted to the strong appreciation of the real from 2003-05. Econometric estimates of of behavioral equilibrium exchange rate (BEER) READ MORE...

Publication date: October 2006
ISBN 9781451864816
$18.00

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