Overvaluation trend of the Brazilian currency in the 2000s : (Record no. 48356)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 02385naa a2200277uu 4500 |
| 001 - CONTROL NUMBER | |
| control field | 5043015313544 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | OSt |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20190211181403.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 150430s2015 bl ||||gr |0|| 0 eng 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 | eng |
| 100 1# - MAIN ENTRY--PERSONAL NAME | |
| Personal name | NASSIF, André |
| 9 (RLIN) | 33374 |
| 245 10 - TITLE STATEMENT | |
| Title | Overvaluation trend of the Brazilian currency in the 2000s : |
| Remainder of title | empirical estimation |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Place of publication, distribution, etc. | São Paulo : |
| Name of publisher, distributor, etc. | Editora 34, |
| Date of publication, distribution, etc. | Jan./Mar. 2015 |
| 520 3# - SUMMARY, ETC. | |
| Summary, etc. | The aim of this paper is to discuss the trend of overvaluation of the Brazilian currency in the 2000s, presenting an econometric model to estimate the real exchange rate (RER) and which should be a reference level of the RER to guide longterm economic policy. In the econometric model, we consider long-term structural and short-term components, both of which may be responsible for explaining overvaluation trend of the Brazilian currency. Our econometric exercise confirms that the Brazilian currency had been persistently overvalued throughout almost all of the period under analysis, and we suggest that the long-term reference level of the real exchange rate was reached in 2004. In July 2014, the average nominal exchange rate should have been around 2.90 Brazilian reais per dollar (against an observed nominal rate of 2.22 Brazilian reais per dollar) to achieve the 2004 real reference level (average of the year). That is, according to our estimates, in July 2014 the Brazilian real was overvalued at 30.6 per cent in real terms relative to the reference level. Based on these findings we conclude the paper suggesting a mix of policy instruments that should have been used in order to reverse the overvaluation trend of the Brazilian real exchange rate, including a target for reaching a real exchange rate in the medium and the long-run which would favor resource allocation toward more technological intensive sectors |
| 590 ## - LOCAL NOTE (RLIN) | |
| Local note | ISSN eletrônico: 18094538 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Política Monetária |
| 9 (RLIN) | 12053 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Cambio |
| 9 (RLIN) | 13714 |
| 650 #4 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name entry element | Análise |
| 9 (RLIN) | 15049 |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | FEIJÓ, Carmem |
| 9 (RLIN) | 51995 |
| 700 1# - ADDED ENTRY--PERSONAL NAME | |
| Personal name | ARAÚJO, Eliane |
| 9 (RLIN) | 38510 |
| 773 08 - HOST ITEM ENTRY | |
| Title | Revista de Economia Política = Brazilian Journal of Political Economy |
| Related parts | 35, 1 (138), p. 3-27 |
| Place, publisher, and date of publication | São Paulo : Editora 34, Jan./Mar. 2015 |
| International Standard Serial Number | ISSN 01013157 |
| Record control number | |
| 856 42 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://www.rep.org.br/PDF/138-1.PDF |
| Link text | Acesso |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Periódico |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20150430 |
| Operator's initials, OID (RLIN) | 1531^b |
| Cataloger's initials, CIN (RLIN) | Fabio |
| 998 ## - LOCAL CONTROL INFORMATION (RLIN) | |
| -- | 20160317 |
| Operator's initials, OID (RLIN) | 0927^b |
| Cataloger's initials, CIN (RLIN) | Larissa |
No items available.
