Integração Financeira E Autonomia De Política Monetária: Investigando Relações De Causalidade Para A Economia Brasileira Em Época Recente
In the last two decades the financial integration between countries arose. In consequence appeared questions on different degrees of autonomy of monetary politics of these countries. The traditional sight is that interest rate is determined by offer and demand of loaned funds and that the monetary authority has no autonomy to fix different rates from those ones of the market. But an alternative sight defends that it is possible to define with autonomy the domestic interest rate, even in this context. This study wants to analysis the viability of this latest sight for Brazilian real situation. The results suggest it could be feasible and then the monetary authority could reduce the interest rate to make possible a virtuous circle of greater growing and stability.
|Date of creation:||2004|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 55 21 2709 7154
Web page: http://www.anpec.org.brEmail:
More information through EDIRC
|Order Information:|| Postal: Secretaria da ANPEC Rua Tiradentes, 17 - Ingá Niterói, RJ 24210-510 Brazil|
When requesting a correction, please mention this item's handle: RePEc:anp:en2004:079. 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: (Hugo E. A. da Gama Cerqueira)
If references are entirely missing, you can add them using this form.