Travel hysteresis in the Brazilian current account

Roberto Meurer (), Guilherme Moura () and Sergio Da Silva ()
Additional contact information
Roberto Meurer: Department of Economics, Federal University of Santa Catarina
Guilherme Moura: Department of Economics, Pontifical Catholic University of Minas Gerais

Economics Bulletin, 2005, vol. 6, issue 24, pages 1-17

Abstract: The strong Brazilian currency between 1994 and 1998 led Brazilians to an unprecedented increase in their travels abroad. Even after the 1999 currency crisis, travel patterns did not recover to their pre-exchange rate devaluation levels. The occasional exchange rate valuation has left long-lasting effects by changing habits, and thereby generating a travel hysteresis in the Brazilian current account.

Keywords: Brazilian economy; exchange rate; travel hysteresis (search for similar items in EconPapers)
JEL-codes: F4 F3 (search for similar items in EconPapers)
Date: 2005 Written 2005-12-27

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Related works:
Working Paper: Travel Hysteresis in the Brazilian Current Account (2005)
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