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

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  • Júnior, Cid de Oliva Botelho

Abstract

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
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    Keywords

    Encilhamento; Payments balance; Exchange rate;

    JEL classification:

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

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