de Araujo, Eliane Cristina; Leite, Marcos Vinicius Chiliatto - 2009
This article analyzes the exchange rate misalignment in Brazil in the period between 1994 and the early 2008, exploring … estimations allowed the calculation of the exchange rate misalignment in Brazil. This shows that the exchange rate was overvalued … discusses the main causes of the exchange rate misalignment in Brazil, focusing on the recent period. In this regard, the …