Globalização, fluxos de capitais e regimes cambiais: reflexões sobre o Brasil

Authors

  • Affonso Celso Pastore Fundação Getúlio Vargas. Escola de Pós-Graduação em Economia
  • Maria Cristina Pinotti A.C. Pastore e Associados

DOI:

https://doi.org/10.11606/1980-53573011apmp

Keywords:

capital flows, exchange regimes, Brazil

Abstract

The article discusses three questions. First, the effects of capital movements in a fixed exchange rate regime. Second, the arguments for and against a monetary union in Mercosul. Third, the advantages of capital flows to financing as well as to smooth business cycles. The conclusions point against a fixed exchange rate regime, against the adoption of a monetary union and for capital flows if the exchange regime is flexible.

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Published

01-03-2000

Issue

Vol. 30 No. 1 (2000)

Section

Articles

License

Copyright (c) 2000 Affonso Celso Pastore, Maria Cristina Pinotti

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

By submitting an article, the author authorizes its publication and attests that it has not been submitted to any other journal. The original article is considered final. Articles selected for publication are proofread for grammatical and orthographic errors. The journal does not pay rights for published articles. The Institute of Economic Research from the School of Economics, Business and Accounting of the University of São Paulo (Instituto de Pesquisas Econômicas da Faculdade de Economia, Administração e Contabilidade da Universidade de São Paulo) owns the journal's copyright.

How to Cite

Pastore, A. C., & Pinotti, M. C. (2000). Globalização, fluxos de capitais e regimes cambiais: reflexões sobre o Brasil. Estudos Econômicos (São Paulo), 30(1), 5-26. https://doi.org/10.11606/1980-53573011apmp