Mobilidade de capital internacional no Brasil

Autores

  • Marcos Costa Holanda Universidade Federal do Ceará
  • Mileno Tavares Cavalcante Universidade Federal do Ceará

DOI:

https://doi.org/10.11606/1413-8050/ea219093

Palavras-chave:

capital mobility, interest rate parities, exchange rate risk, Brazil

Resumo

The main objective ofthis paper is to measure the degree ofBrazilian economy's openness to foreign capital flows between 1987 and 1996. The covered (CIP) and uncovered (UIP) interest parities were used as capital mobility indicators. The use oftwo series ofexchange rate expectation, estimated according to the extrapolative and rational hypothesis allowed the estimation ofUIP. Only the CIP results supportthe perfect capital mobility hypothesis. The estimates of the interest parities allow the decomposition of the exchange rate risk in two components: country risk and currency risk.

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Publicado

2023-12-06

Edição

v. 5 n. 2 (2001)

Seção

Artigos

Licença

Copyright (c) 2001 Economia Aplicada

Creative Commons License

Este trabalho está licenciado sob uma licença Creative Commons Attribution-NonCommercial 4.0 International License.

Como Citar

Holanda, M. C. ., & Cavalcante, M. T. . (2023). Mobilidade de capital internacional no Brasil. Economia Aplicada, 5(2), 261-279. https://doi.org/10.11606/1413-8050/ea219093