Currency Fluctuation and Interest Rate in Brazil

Vol. 22 No. 3 (2002)

Jul-Sep / 2002
Published July 1, 2002
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Sicsú, João. 2002. “Currency Fluctuation and Interest Rate in Brazil”. Brazilian Journal of Political Economy 22 (3):518-23. https://doi.org/10.1590/0101-31572002-1364.

Currency Fluctuation and Interest Rate in Brazil

João Sicsú
Professor adjunto do Instituto de Economia da Universidade Federal do Rio de Janeiro – UFRJ, Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 22 No. 3 (2002), Jul-Sep / 2002, Pages 518-523

Abstract

This short article shows that since 1999 the interest rate has been correlated to exchange rate volatility in Brazil. Therefore, it would be one of the reasons for not reducing the interest rate in Brazil.

JEL Classification: E52; E58; F31.


Keywords: Interest rate exchange rate Brazil