Financial markets, external shocks and policy responses : (Record no. 25158)
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001 - CONTROL NUMBER | |
control field | 7120316290619 |
003 - CONTROL NUMBER IDENTIFIER | |
control field | OSt |
005 - DATE AND TIME OF LATEST TRANSACTION | |
control field | 20190212105658.0 |
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
fixed length control field | 071203s2003 bl ||||gr |0|| 0 por d |
999 ## - SYSTEM CONTROL NUMBERS (KOHA) | |
Koha Dewey Subclass [OBSOLETE] | PHL2MARC21 1.1 |
041 ## - LANGUAGE CODE | |
Language code of text/sound track or separate title | por |
100 1# - MAIN ENTRY--PERSONAL NAME | |
Personal name | FARIA, Lauro Vieira de |
9 (RLIN) | 33194 |
245 10 - TITLE STATEMENT | |
Title | Financial markets, external shocks and policy responses : |
Remainder of title | the case of Brasil 2001 |
260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
Place of publication, distribution, etc. | São Paulo : |
Name of publisher, distributor, etc. | Editora 34, |
Date of publication, distribution, etc. | out./dez. 2003 |
520 3# - SUMMARY, ETC. | |
Summary, etc. | This paper evaluates the macroeconomic response of the Brazilian government in 2001 following the emergence of sharp negative events in both the external and internal sectors with particular focus on monetary and exchange rate policies. It points out that the kind of macroeconomic reaction depicted by the standard Mundell-Fleming model is of little practical importance in a small open economy engulfed in dollar denominated debts and experiencing a confidence crisis like Brazils. The Brazilian economy operates as if there were some sorts of ceilings for the exchange rate and for interest rates, in a clear departure from the assumptions embodied in the pure model. In this kind of environment another set of actions is required to fight a dangerous exchange rate overshooting and that is proven by the events of 2001. Whilst the actions taken by the monetary authorities proved successful at that moment the paper shows that they came with sizeable real and financial costs as collateral. Therefore, the paper argues in favour of another set of macroeconomic responses which should have been preferred if we were to avoid such costs |
590 ## - LOCAL NOTE (RLIN) | |
Local note | Revista de Economia Política |
590 ## - LOCAL NOTE (RLIN) | |
Local note | Outubro-Dezembro 2003 |
590 ## - LOCAL NOTE (RLIN) | |
Local note | v. 23 n. 4 (92) |
773 08 - HOST ITEM ENTRY | |
Title | Revista de Economia Política = Brazilian Journal of Political Economy |
Related parts | 23, 4, p. 43-57 |
Place, publisher, and date of publication | São Paulo : Editora 34, out./dez. 2003 |
International Standard Serial Number | ISSN 01013157 |
Record control number | |
942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
Koha item type | Periódico |
998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
-- | 20071203 |
Operator's initials, OID (RLIN) | 1629^b |
Cataloger's initials, CIN (RLIN) | Mariana |
998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
-- | 20140204 |
Operator's initials, OID (RLIN) | 1454^b |
Cataloger's initials, CIN (RLIN) | karina |
No items available.