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The Brazilian Experience with the Crawling Peg

Robert Fendt

Chapter 6 in Exchange Rate Rules, 1981, pp 140-151 from Palgrave Macmillan

Abstract: Abstract The purpose of this paper is to review the Brazilian experience with the crawling peg. The first part deals with the relevant historical facts, discussing the introduction and the main features of the Brazilian exchange rate regime. In the second part I proceed critically to evaluate the experiment, emphasising successes and failures. The last section contains a discussion of the alternatives suggested and the main conclusions arising from the analysis in the paper.1

Keywords: Exchange Rate; Monetary Policy; Real Exchange Rate; Money Supply; Foreign Exchange Market (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05166-3_7

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DOI: 10.1007/978-1-349-05166-3_7

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