全球智库信息集成服务系统(G2TT): Capital Flows and Controls in Brazil: What Have We Learned?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w11640
来源ID	Working Paper 11640
	Capital Flows and Controls in Brazil: What Have We Learned?
	Ilan Goldfajn; André Minella
发表日期	2005-09-26
出版年	2005
语种	英语
摘要	This paper analyzes the relationship between capital account liberalization and macroeconomic volatility using Brazil as a case study. The paper provides several stylized facts regarding the evolution of capital flows and controls in Brazil in the last three decades. We conclude that, notwithstanding the financial crises and macroeconomic volatility of the recent past, capital account liberalization and the floating exchange regime have led to a more resilient economy. Further liberalization of the capital account is warranted and should be accompanied by a broad range of reforms to improve and foster stronger institutions.
主题	International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics
URL	https://www.nber.org/papers/w11640
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/569285
推荐引用方式 GB/T 7714	Ilan Goldfajn,André Minella. Capital Flows and Controls in Brazil: What Have We Learned?. 2005.