Exchange rate management techniques
By: PRATES, Daniela Magalhães.
Material type: ArticlePublisher: São Paulo : Editora 34, dez. 2011Subject(s): Crise Econômica | Sistema Econômico | Câmbio | FinançasOnline resources: Acesso | Acesso Revista de Economia Política = Brazilian Journal of Political Economy 31, 5, p. 903-911Abstract: This briefing note addresses the question: What revisions of financial regulation and financial governance in Brazil are necessary to support Brazilian development? What's in place and what's missing? The focus here is a dimension of financial regulation and governance: the regulation of capital flows and of exchange rate operations. The arguments are organized as follows. The next section summarizes the impacts of the global financial crisis of 2008-2009 on the emerging-market economies and on the regulation of the international monetary and financial systems. The third section discusses the post-crisis dilemmas faced by these economies. Finally, the fourth section presents some policy recommendations for BrazilThis briefing note addresses the question: What revisions of financial regulation and financial governance in Brazil are necessary to support Brazilian development? What's in place and what's missing? The focus here is a dimension of financial regulation and governance: the regulation of capital flows and of exchange rate operations. The arguments are organized as follows. The next section summarizes the impacts of the global financial crisis of 2008-2009 on the emerging-market economies and on the regulation of the international monetary and financial systems. The third section discusses the post-crisis dilemmas faced by these economies. Finally, the fourth section presents some policy recommendations for Brazil
v. 31, n. 5(125)
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