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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 …
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This article verifies the occurrence of a real estate bubble in the Brazilian economy. Overall, our results suggest the existence of a bubble in the real estate sector of the economy. The Austrian School of economics provides a solid explanation to this phenomenon, which are reinforced by...
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