Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45167
Authors: 
Kaltenbrunner, Annina
Nissanke, Machiko
Year of Publication: 
2009
Series/Report no.: 
Research paper / UNU-WIDER 2009.29
Abstract: 
Set in the context of the recent theoretical and policy debates on appropriate exchange rate regimes for emerging market economies in a world of free capital mobility, the paper attempts to present the case for an intermediate exchange rate regime, drawing on recent theoretical and empirical literatures on behavioural finance and currency market structures; and to examine empirically the experiences and evolution of Brazil's foreign exchange market under different exchange rate regimes.
Subjects: 
exchange rate management
emerging markets
Brazil
JEL: 
E44
F31
F41
O24
ISBN: 
978-92-9230-200-9
Document Type: 
Working Paper

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