External adjustment and equilibrium exchange rate in Brazil / prepared by Claudio Paiva.

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...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Author:	Paiva, Claudio (Author)
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, 2006.
Series:	IMF working paper ; WP/06/221.
Subjects:	Foreign exchange > Brazil. Balance of trade > Brazil. Balance of trade Foreign exchange Brazil