Present value tests of the Brazilian current account

During the 90s, and in particular after the adoption of the Real Plan in 1994, a clear deterioration in the Brazilian current account has been observed. This fact attracted immediate attention to the question of whether or not the economy is obeying its external present value constraint, i.e., whet...

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Bibliographic Details
Main Authors: Fabiana Rocha, Siegfried Bender
Format: Article
Language:Portuguese
Published: Universidade de São Paulo 2000-04-01
Series:Economia Aplicada
Subjects:
Online Access:https://www.revistas.usp.br/ecoa/article/view/218773