000			01459naa a2200217uu 4500
001			7120416593319
003			OSt
005			20190212105712.0
008			071204s2003 bl ||||gr |0|| 0 por d
100	1		_aARIDA, Persio _933204
245	1	0	_aPor uma moeda planamente conversível
260			_aSão Paulo : _bEditora 34, _cjul./set. 2003
520	3		_aThe paper argues that the monetary reform undertaken in 1984 is to be completed by rendering the real fully convertible into other currencies. In present status quo the real is convertible under some circumstances and for some agents while Central Bank may suspend convertibility or alter its rules by administrative decree. As a consequence, there is a convertibility risk premium that leads to either higher domestic interest rates or a more depreciated domestic currency or both. The process of liberalization of capital movements should be pre-announced and implemented in steps. The regime of free convertibility is not a panacea but an important instrument in restoring credibility of the monetary standard
590			_aRevista de Economia Política
590			_aJulho-Setembro 2003
590			_av. 23, n. 3(91)
773	0	8	_tRevista de Economia Política = Brazilian Journal of Political Economy _g23, 3 , p. 151-154 _dSão Paulo : Editora 34, jul./set. 2003 _xISSN 01013157 _w
942			_cS
998			_a20071204 _b1659^b _cMariana
998			_a20140204 _b1525^b _ckarina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c25180 _d25180
041			_apor