Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/123456789/4118Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Agénor Pierre-Richard | - |
| dc.creator | Hoffmaister Alexandre W. | - |
| dc.creator | Medeiros Carlos | - |
| dc.date | 2002 | - |
| dc.date.accessioned | 2013-05-30T10:39:22Z | - |
| dc.date.available | 2013-05-30T10:39:22Z | - |
| dc.date.issued | 2013-05-30 | - |
| dc.identifier | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000100002 | - |
| dc.identifier | http://www.doaj.org/doaj?func=openurl&genre=article&issn=00347140&date=2002&volume=56&issue=1&spage=47 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/jspui/handle/123456789/4118 | - |
| dc.description | This paper examines the behavoir of capital inflows and the real exchange rate in Brazil during the period 1988-95. The first part describes the analytical framework. The second part estimates (using monthly data) a near-VAR linking capital flows, changes in domestic and foreign nominal interest rates, changes in the expected depreciation rate, the government spending-output ratio, and changes in the real exchange rate. Generalized variance decompositions indicate that world interest rate shocks explain only a fraction of medium-term fluctuations in capital flows, whereas fluctuations in the real exchange rate are driven mostly by its own innovations. Generalized impulse response functions show that a reduction in the world interest rate leads on impact to a fall in domestic interest rates, a reduction in the rate of nominal exchange rate appreciation, a capital inflow, and a depreciation of the real exchange rate. | - |
| dc.publisher | Fundação Getúlio Vargas | - |
| dc.source | Revista Brasileira de Economia | - |
| dc.subject | capital flows | - |
| dc.subject | real exchange rate | - |
| dc.subject | external shocks | - |
| dc.title | Cyclical fluctuations in Brazil's real exchange rate: the role of domestic and external factors (1988-95) | - |
| Appears in Collections: | Business and Economics | |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.