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Home arrow NCCR Publications arrow Working Papers arrow The Case for an Intermediate Exchange Rate Regime: An Empirical Study of Brazil
The Case for an Intermediate Exchange Rate Regime: An Empirical Study of Brazil Print
Set in the context of the recent theoretical and policy debates on appropriate exchange rate regimes for emerging market economies in a world of free capital mobility, the primary objectives of this paper are: i) to present the case for an intermediate exchange rate regime, drawing on recent theoretical and empirical literatures on behavioural finance and currency market structures; and ii) to examine empirically the experiences and evolution of the foreign exchange market in Brazil.

WP2008 13 AK & MN IP12.2.pdf
NCCR Working Paper, May 2008

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