Anchors away: The cost and benefits of Brazil's devaluation

被引：9

作者：

Amann, E ^{[1
]}

Baer, W

机构：

[1] Univ Manchester, Manchester M13 9PL, Lancs, England

[2] Univ Illinois, Urbana, IL 61801 USA

来源：

WORLD DEVELOPMENT | 2003年 / 31卷 / 06期

关键词：

D O I：

10.1016/S0305-750X(03)00048-2

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper analyzes the impact of Brazil's devaluation in 1999. This event represents an abandonment of the exchange rate anchor which had been used as a stabilization plan since the introduction of the Real Plan in 1994. The reasons behind the abandonment of the exchange rate anchor are determined as well as the explanation for its benign impact. (C) 2003 Elsevier Science Ltd. All rights reserved.

引用

页码：1033 / 1046

页数：14

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