Mudanças de Regime no Câmbio Brasileiro

Carlos Araújo and Getúlio Filho

No 41, Working Papers Series from Central Bank of Brazil, Research Department

Abstract: In this paper the eight variants of the Brazilian exchange rate are analyzed. After putting the evolution of this indicator into historical context, univariate analysis of the level and the volatility of the series is implemented. In this task, the research especially emphasizes the effects of the outliers, as well as on the eventual changes in the regime - in the level and/or in the volatility - likely associated with the outliers observed from January 1969 to September 2001. Moreover, some considerations are made in relation to the purchase power parity.

Date: 2002-06
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Persistent link: https://EconPapers.repec.org/RePEc:bcb:wpaper:41

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