TY - JOUR AU - Belluzzo, Luiz Gonzaga AU - Carneiro, Ricardo PY - 2004/04/01 Y2 - 2024/03/29 TI - The myth of convertibility JF - Brazilian Journal of Political Economy JA - BJPE VL - 24 IS - 2 SE - DO - 10.1590/0101-31572004-1624 UR - https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/668 SP - 221-225 AB - <p>A critique to the proposal of making the real convertible. The convertibility does not eliminate the hierarchy of currencies in the global space and risk premium paid by the non-convertible currencies.</p><p><strong>JEL Classification:</strong> E50.</p> ER -