Exchange rate, dollarization and competitiveness

Pierre Salama ()

Brazilian Journal of Political Economy, 1991, vol. 11, issue 3, 426-441

Abstract: Differently from previous situations, inflation in Brazil follows a very difficultequilibrium: it remains very high, but do not explode in a hyperinflation. This process leadsto faint output and persistent inflation-based distortions. The author suggests a Koreaninspiredsolution, where the State has an active role in promoting industries and exports.An important instrument is the exchange rate. JEL Classification: E31; L52; F31.

Keywords: Exchange rate; dollarization; economic growth; inflation (search for similar items in EconPapers)
Date: 1991
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