Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/121722
Authors: 
Bastos, Estêvão Kopschitz Xavier
Fonte, Patrícia Vivas da Silva
Year of Publication: 
2014
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1934
Abstract (Translated): 
In this paper, we describe the operation of the foreign exchange (FX) market in Brazil and discuss the relations between prices of derivatives and spot prices. A literature review of interventions in the FX market is done. Then, we study, in a descriptive way, the interventions of the Central Bank of Brazil, both in the market with physical delivery of currency, and in the swaps market, from 2000 to 2012, as well as the regulations of the Brazilian FX market, from 1999 to 2012, by compiling and briefly analysing the measures taken during the period.
Subjects: 
exchange
derivatives
currency swap
Central Bank interventions
capital control
JEL: 
E58
F31
G18
Document Type: 
Working Paper

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