Exchange regimes: an alternativa model for Brasil

Vol. 25 No. 2 (2005)

Apr-Jun / 2005
Published April 1, 2005
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Pires, Manoel Carlos de Castro. 2005. “Exchange Regimes: An Alternativa Model for Brasil”. Brazilian Journal of Political Economy 25 (2):101-14.

Exchange regimes: an alternativa model for Brasil

Manoel Carlos de Castro Pires
Técnico em Pesquisa da Coordenação de Finanças Públicas (CFP) do IPEA e doutorando do IEUFRJ.
Brazilian Journal of Political Economy, Vol. 25 No. 2 (2005), Apr-Jun / 2005, Pages 101-114


After the collapse of the Bretton Woods system, many frameworks of exchange rate have been proposed. The aim of this paper is to propose an alternative rule of exchange rate and evaluate the case for Brazil. The analysis of the Brazilian case made necessary the evaluation of auxiliary instruments for its implementation. The paper proposes the use of capital controls or scape clauses.

JEL Classification: F33, F41.

Keywords: Exchange Rate Rules Scape Clauses Transparency