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

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

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Year of publication:	2003
Authors:	Júnior, Cid de Oliva Botelho
Published in:	Revista Economia e Sociedade. - Instituto de Economia. - Vol. 21.2003, 12, p. 20-20
Publisher:	Instituto de Economia
Subject:	Encilhamento \| Payments balance \| Exchange rate

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Extent:	application/pdf
Type of publication:	Article
Classification:	N16 - Latin America; Caribbean
Source:	RePEc - Research Papers in Economics

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