IDEAS home Printed from
   My bibliography  Save this article

A crise cambial do encilhamento: algumas observações sobre a interpretação de Celso Furtado


  • Júnior, Cid de Oliva Botelho


This is a study about exchange crisis in the beginning of Republic. Is shows the relation between credit expansion and mil-réis overshooting. Furtado´s analysis is incorrect to explain this event. This paper concludes the capital account adverse behavior

Suggested Citation

  • Júnior, Cid de Oliva Botelho, 2003. "A crise cambial do encilhamento: algumas observações sobre a interpretação de Celso Furtado," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 21, pages 1-20, December.
  • Handle: RePEc:euc:ancoec:v:21:y:2003:p:275-294

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Encilhamento; Payments balance; Exchange rate;

    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean


    Access and download statistics


    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:euc:ancoec:v:21:y:2003:p:275-294. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonio Carlos Macedo e Silva). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.