TY - JOUR AU - Samohyl, Robert Wayne AU - Meurer, Roberto PY - 1997/07/01 Y2 - 2024/03/28 TI - Behavior of the monetary base and its conditioning factors in Brazil between January 1992 and March 1996 JF - Brazilian Journal of Political Economy JA - BJPE VL - 17 IS - 3 SE - DO - 10.1590/0101-31571997-0939 UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1173 SP - 330-342 AB - <p>This paper studies the behavior of the monetary base and its proximate determinants<br />in Brazil between January of 1992 and March of 1996. To achieve this, the paper<br />analyzes monthly variations of the base, using correlation coefficients and the relative participation<br />of each determinant on total variation. The analysis demonstrates that there are<br />several specific differences before and after the Real Plan in the profile of the determinants.<br />However, the analysis also shows that in both periods one of the major determinants of the<br />monetary base is the net flow of foreign exchange to Brazil.</p><p><strong>JEL Classification:</strong> E58; C54.</p> ER -