Cyclical Fluctuations in Brazil's Real Exchange Rate : The Role of Domestic and External Factors /

This paper examines the effects of capital inflows and domestic factors on Brazil's real exchange rate. It describes the analytical framework, and then estimates a near-VAR model linking capital flows, interest rate differentials, government spending, money-base velocity, and the temporary comp...

Descripción completa

Detalles Bibliográficos
Autor principal: Hoffmaister, Willy
Otros Autores: Agenor, Pierre-Richard, Medeiros, Carlos
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1997.
Colección:IMF Working Papers; Working Paper ; No. 1997/128
Acceso en línea:Full text available on IMF