A tendência à sobreapreciação da taxa de câmbio

AUTOR(ES)

Pereira, Luiz Carlos Bresser

DATA DE PUBLICAÇÃO

13/04/2009

RESUMO

In developing countries there is a tendency to the overvaluation of the exchange rate. It has two structural causes: the Dutch disease and the attraction that higher profit and interest rates usually prevailing in developing countries exert on foreign capitals, and four policy causes: the policy of growth with foreign savings, the control of inflation to exchange rate anchors, the policy of “capital deepening”, and exchange rate populism. Either the country neutralizes this tendency and grows fast, or does not and will suffer cyclical balance of payment crises.

ASSUNTO(S)

exchange rate overvaluation dutch disease foreign savings exchange rate populism

Documentos Relacionados

• Ajuste da taxa de câmbio à paridade coberta da taxa de juro no Brasil
• A taxa de câmbio no centro da teoria do desenvolvimento
• A taxa de câmbio no centro da teoria do desenvolvimento
• Novo Desenvolvimentismo: além da taxa de câmbio competitiva
• A taxa de cÃmbio real de equilÃbrio no Brasil 1994 â 2002