Alguns aspectos analíticos da relação entre balanço de pagamentos e base monetária
DOI:
https://doi.org/10.1590/1980-53571922vrKeywords:
External assets, Domestic assets, Foreign exchange authority, Monetary authority, Compensatory assets and liabilities, Monetary bases, Balance of paymentsAbstract
This paper tries to make more accurate the meaning of "domestic and external assets" from the concepts of foreign exchange authority, compensatory assets and liabilities based on the effects of the balance of payments on the monetary base. It also shows the coherent treatment to be given to this relation through the movement of the international reserves, to the indexed deposits on foreign currencies, to the operation made by the monetary authority "with the external sector" and to the foreign exchange variations, ft distinguishes many components of the variation of the net external asset and it is shown how subtle and complex is the concept of "net domestic assets".
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