IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v23y2003i3p481-488id910.html

Ainda sobre a conversibilidade

Author

Listed:
  • Persio Arida

    (Economista, São Paulo/SP, Brasil.)

Abstract

O documento introduz uma taxonomia 2x2 dos regimes cambiais em termos de restrições de conversibilidade (sim ou não) e a forma de determinação de preços (taxas de câmbio flutuantes versus administradas). Argumenta-se que a conversibilidade é um sinal importante para os agentes privados. A conversibilidade livre na presença de taxas de câmbio fixas reforça a credibilidade da peg; A presença de restrições à conversibilidade frente às taxas de câmbio flutuantes revela falta de confiança do Banco Central na estabilidade do padrão monetário. O primeiro foi o caso da Argentina antes do fim do plano de Cavallo; o último é o caso do Brasil hoje. A consolidação da estabilidade monetária nas circunstâncias atuais exige um esforço fiscal sustentado; entretanto, um processo pré-anunciado de elevação gradual das restrições à conversibilidade pode, de alguma maneira, aliviar esse esforço, tornando-o politicamente viável. Classificação JEL: F41.

Suggested Citation

  • Persio Arida, 2003. "Ainda sobre a conversibilidade," Brazilian Journal of Political Economy, FGV EAESP, vol. 23(3), pages 481-488, July.
    • Handle: RePEc:ekm:repojs:v:23:y:2003:i:3:p:481-488:id:910
    DOI: 10.1590/0101-31572004-0673
    as

    Download full text from publisher

    File URL: https://periodicos.fgv.br/bjpe/article/view/95790
    File Function: Abstract page
    Download Restriction: no
    File URL: https://periodicos.fgv.br/bjpe/article/download/95790/89259
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.1590/0101-31572004-0673?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:23:y:2003:i:3:p:481-488:id:910. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cecília Heise (email available below). General contact details of provider: https://periodicos.fgv.br/bjpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.