The myth of convertibility

Luiz Gonzaga Belluzzo () and Ricardo Carneiro ()

Brazilian Journal of Political Economy, 2004, vol. 24, issue 2, 221-225

Abstract: A critique to the proposal of making the real convertible. The convertibility does not eliminate the hierarchy of currencies in the global space and risk premium paid by the non-convertible currencies. JEL Classification: E50.

Keywords: Currency; convertibility; hierarchy of currencies (search for similar items in EconPapers)
Date: 2004
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