Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010
The aim of this paper is to indicate that there was a significant change in the composition of the Brazilian International Investment Position in the period 2001-2010: international reserves became higher than the external debt and decreased the share of foreign liabilities denominated in foreign cu...
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| Format: | Article |
| Language: | English |
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Editora 34
2014-09-01
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| Series: | Brazilian Journal of Political Economy |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000300007&lng=en&tlng=en |
| _version_ | 1819293660975464448 |
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| author | Paulo Van Noije |
| author_facet | Paulo Van Noije |
| author_sort | Paulo Van Noije |
| collection | DOAJ |
| description | The aim of this paper is to indicate that there was a significant change in the composition of the Brazilian International Investment Position in the period 2001-2010: international reserves became higher than the external debt and decreased the share of foreign liabilities denominated in foreign currency, getting smaller that the participation of the external liabilities denominated in domestic currency. These tend to suffer a double devaluation (prices and exchange rates) in times of crisis, thus characterizing the reduction of the external vulnerability in the financial sphere as evidenced in the global crisis hatched in 2008. |
| first_indexed | 2024-12-24T04:13:58Z |
| format | Article |
| id | doaj.art-fa27e0aa5dc14c3c914c12a431d73720 |
| institution | Directory Open Access Journal |
| issn | 1809-4538 |
| language | English |
| last_indexed | 2024-12-24T04:13:58Z |
| publishDate | 2014-09-01 |
| publisher | Editora 34 |
| record_format | Article |
| series | Brazilian Journal of Political Economy |
| spelling | doaj.art-fa27e0aa5dc14c3c914c12a431d737202022-12-21T17:15:59ZengEditora 34Brazilian Journal of Political Economy1809-45382014-09-0134347148410.1590/S0101-31572014000300007S0101-31572014000300007Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010Paulo Van Noije0Faculdades de CampinasThe aim of this paper is to indicate that there was a significant change in the composition of the Brazilian International Investment Position in the period 2001-2010: international reserves became higher than the external debt and decreased the share of foreign liabilities denominated in foreign currency, getting smaller that the participation of the external liabilities denominated in domestic currency. These tend to suffer a double devaluation (prices and exchange rates) in times of crisis, thus characterizing the reduction of the external vulnerability in the financial sphere as evidenced in the global crisis hatched in 2008.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000300007&lng=en&tlng=enInternational Investment Positionexternal vulnerability2008 global crisisBrazilian economyinternational reserves |
| spellingShingle | Paulo Van Noije Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010 Brazilian Journal of Political Economy International Investment Position external vulnerability 2008 global crisis Brazilian economy international reserves |
| title | Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010 |
| title_full | Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010 |
| title_fullStr | Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010 |
| title_full_unstemmed | Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010 |
| title_short | Vulnerabilidade externa e composição da posição internacional de investimentos: Brasil 2001-2010 |
| title_sort | vulnerabilidade externa e composicao da posicao internacional de investimentos brasil 2001 2010 |
| topic | International Investment Position external vulnerability 2008 global crisis Brazilian economy international reserves |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000300007&lng=en&tlng=en |
| work_keys_str_mv | AT paulovannoije vulnerabilidadeexternaecomposicaodaposicaointernacionaldeinvestimentosbrasil20012010 |