Capital flows and controls in Brazil
Subtitle: what have we learned?
By: Ilan Goldfajn, André Minella.
Contributors: Minella, André.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11640; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11640.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Fiscal policy -- Brazil.; Capital movements -- Brazil.; Brazil -- Economic conditions.
Description: "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"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 9/30/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.