Exchange regimes: an alternativa model for Brasil
Abstract
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