This paper describes the process of trade liberalization in the telecommunications industry implemented from the mid-1990s and examines how such a measure, which allowed foreign capital an important role in the control of operators, associated with the privatization program affected the...

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....