Regimes cambiais e intervenções no Mercado de câmbio: uma abordagem a partir da experiência brasileira

• Ano de defesa: 2007
• Autor(a) principal: Pillatti, Claudia Teresa
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Universidade Federal de Uberlândia; BR; Programa de Pós-graduação em Economia; Ciências Sociais Aplicadas; UFU
• Palavras-chave em Português: Regimes cambiais; Intervenções no mercado de câmbio; Experiência brasileira; Sistemas cambiais de facto; Câmbio; Mercado de câmbio; Exchange rate systems; Exchange rate interventions; Brazilian experience; Of the facto exchange rate; CNPQ::CIENCIAS SOCIAIS APLICADAS::ECONOMIA
• Link de acesso: https://repositorio.ufu.br/handle/123456789/13488

This research analyzes the Brazilian exchange rate system and the exchange rate interventions after flexible exchange rate system implementation in 1999, and have like base the "fear of floating" approach, the exchange rate interventions theory and of the fact exchange rate classification. The evidences found for Brazil suggest that the exchange rate interventions illustrate objectives of the exchange rate debt reduction and do not follow the "fear of floating objectives". In the others empirical tests find a weak short run relation between exchange rate and domestic interest rate, exchange rate backups, domestic inflation and public debt in proportion to the GDP, and a strong short run relation between exchange rate and country risk, indicating that the movements of the exchange rate do not affect heavy the variables of the "fear of floating" and that do not believe that the country suffer from that problem. Confirming that idea, finds that of the fact exchange rate system is compatible with the jure exchange rate system, despite it find low exchange rate flexibility.