Trough an econometrical analyses, this paper discuss activities and results of the Financing Exports Programme (PROEX), from its creation in 1991 untill year 2000. For this purposal it was considered PROEX budget and its impact in Brazilian exports. It was observed that this instrument is able...

This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....