{"title":"巴西的汇率政策:分析方案","authors":"P. Rossi","doi":"10.1590/0101-31572015V35N04A02","DOIUrl":null,"url":null,"abstract":"This paper aims to address the exchange rate policy in Brazil from an approach centered in the Brazilian foreign exchange market's institutional framework. The purpose is to evaluate how this institutionality affects the exchange rate policies and, in particular, how financial speculation operates in this institutional framework. It argues that the Brazilian foreign exchange market is particularly susceptible to financial speculation and therefore the regulation of foreign exchange market and, in particular, the derivatives market, is recommended to allow a more appropriate exchange rate policy for economic development.","PeriodicalId":274789,"journal":{"name":"Revista de Economia Política","volume":"43 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2015-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"7","resultStr":"{\"title\":\"Política cambial no Brasil: um esquema analítico\",\"authors\":\"P. Rossi\",\"doi\":\"10.1590/0101-31572015V35N04A02\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper aims to address the exchange rate policy in Brazil from an approach centered in the Brazilian foreign exchange market's institutional framework. The purpose is to evaluate how this institutionality affects the exchange rate policies and, in particular, how financial speculation operates in this institutional framework. It argues that the Brazilian foreign exchange market is particularly susceptible to financial speculation and therefore the regulation of foreign exchange market and, in particular, the derivatives market, is recommended to allow a more appropriate exchange rate policy for economic development.\",\"PeriodicalId\":274789,\"journal\":{\"name\":\"Revista de Economia Política\",\"volume\":\"43 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2015-12-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"7\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Revista de Economia Política\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1590/0101-31572015V35N04A02\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Revista de Economia Política","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1590/0101-31572015V35N04A02","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
This paper aims to address the exchange rate policy in Brazil from an approach centered in the Brazilian foreign exchange market's institutional framework. The purpose is to evaluate how this institutionality affects the exchange rate policies and, in particular, how financial speculation operates in this institutional framework. It argues that the Brazilian foreign exchange market is particularly susceptible to financial speculation and therefore the regulation of foreign exchange market and, in particular, the derivatives market, is recommended to allow a more appropriate exchange rate policy for economic development.