GAULARD, Mylène
The "hot money" phenomenon in Brazil - São Paulo : Editora 34, jul./set. 2012
Because of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what penalizes the Brazilian exportations of manufactured products. Moreover, capital inflows are extremely volatile, and their departure, causing a fall in loans granted to the Brazilian private banks, could provoke a dangerous burst of the speculative bubble they have contributed to form in the Brazilian real estate sector
Investimento
Investimento Estrangeiro
Capital
Produto Manufaturado
Setor Terciário
The "hot money" phenomenon in Brazil - São Paulo : Editora 34, jul./set. 2012
Because of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what penalizes the Brazilian exportations of manufactured products. Moreover, capital inflows are extremely volatile, and their departure, causing a fall in loans granted to the Brazilian private banks, could provoke a dangerous burst of the speculative bubble they have contributed to form in the Brazilian real estate sector
Investimento
Investimento Estrangeiro
Capital
Produto Manufaturado
Setor Terciário
