Anchors Away: The Cost and Benefits of Brazil's Devaluation

Edmund Amann and Werner Baer
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Edmund Amann: U of Illinois at Urbana-Champaign
Werner Baer: U of Illinois at Urbana-Champaign

Working Papers from University of Illinois at Urbana-Champaign, College of Business

Abstract: This paper analyses the impact of Brazil's devaluation in 1999. This event represents an abandonment of the exchange rate anchor which had been used as a stabilisation plan since the introduction of the Real Plan in 1994. The reasons surrounding the abandonment of the exchange rate anchor are determined as well as the explanation for its benign impact.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:illbus:02-0122

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