Globalização, fluxos de capitais e regimes cambiais: reflexões sobre o Brasil

The article discusses three questions. First, the effects of capital movements in a fixed exchange rate regime. Second, the arguments for and against a monetary union in Mercosul. Third, the advantages of capital flows to financing as well as to smooth business cycles. The conclusions point against...

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Detalhes bibliográficos
Autores: Pastore, Affonso Celso, Pinotti, Maria Cristina
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2000
País:Brasil
Recursos:Universidade de São Paulo (USP)
Repositorio:Estudos Econômicos (São Paulo)
Idioma:portugués
OAI Identifier:oai:revistas.usp.br:article/117608
Acesso em linha:https://www.revistas.usp.br/ee/article/view/117608
Access Level:acceso abierto
Palavra-chave:capital flows
exchange regimes
Brazil
fluxos de capitais
regimes cambiais
Brasil
Descrição
Resumo:The article discusses three questions. First, the effects of capital movements in a fixed exchange rate regime. Second, the arguments for and against a monetary union in Mercosul. Third, the advantages of capital flows to financing as well as to smooth business cycles. The conclusions point against a fixed exchange rate regime, against the adoption of a monetary union and for capital flows if the exchange regime is flexible.