Análise do Financiamento Externo a Uma Pequena Economia

Carlos Araújo and Renato Flôres Junior

No 10, Working Papers Series from Central Bank of Brazil, Research Department

Abstract: This paper presents a framework developed to explain the private capital flows between the rest of the world and a small economy. Despite its simplicity, this framework - based on the monetary premium theory - brings answers to several questions regarding the capital flows phenomena, including its relationship with interest rate differences. In a second moment, the paper analyses the behavior of the capital movements related to Brazilian economy during the period 1991-1998.

Date: 2001-03
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Persistent link: https://EconPapers.repec.org/RePEc:bcb:wpaper:10

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