O Mercado interbancário de câmbio no Brasil,Creation-Date: 2005-07
We thoroughly describe the workings of the Brazilian interbank exchange rate market: agents, products, regulation, operation and risks. We analyse the recent evolution of the exchange rate market and came to a negative evaluation of the current exchange rate trading system, thereby suggesting an alternative centralized system, more liquid and transparent. We show econometrically that the exchange rate is firstly formed in the exchange rate futures market at the Commodities and Futures Exchange (BM&F), being then transmitted through arbitrage to the spot market.
|Date of creation:||Mar 2005|
|Date of revision:|
|Publication status:||Published in GLEIZER, D. (coord.) Aprimorando o mercado de câmbio brasileiro. São Paulo: Bolsa de Mercadorias & Futuros, 2005|
|Contact details of provider:|| Postal: |
Phone: 021 35271078
Fax: 021 35271084
Web page: http://www.econ.puc-rio.br
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:rio:texdis:509. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.