Maldonado, Wilfredo Leiva; Tourinho, Octavio Augusto Fontes - 2003
of bubbles in the Brazilian exchange rate. We consider the floating exchange rate period from February 1999 to February … 2002 in order to capture speculative bubbles since in previous years the exchange rate bands avoid the possibility of … Brazil and abroad. The second model uses a result from international trade, the fundamental exchange rate must equilibrate …