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The myth of convertibility

Author

Listed:
  • Luiz Gonzaga Belluzzo

    (Professor titular do Instituto de Economia da Universidade de Campinas – Unicamp, Campinas/SP, Brasil.)

  • Ricardo Carneiro

    (Diretor executivo do Centro de Estudos de Conjuntura e Política Econômica da Universidade de Campinas – Unicamp)

Abstract

A critique to the proposal of making the real convertible. The convertibility does not eliminate the hierarchy of currencies in the global space and risk premium paid by the non-convertible currencies. JEL Classification: E50.

Suggested Citation

  • Luiz Gonzaga Belluzzo & Ricardo Carneiro, 2004. "The myth of convertibility," Brazilian Journal of Political Economy, Center of Political Economy, vol. 24(2), pages 221-225, April.
    • Handle: RePEc:ekm:repojs:v:24:y:2004:i:2:id:95759
    DOI: 10.1590/0101-31572004-1624
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    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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