This study aims to examine the theoretical literature concerning exchange-rate and balance-of-payments determination, in order to investigate how an exchange rate change may affect one country's foreign trade flows. Therefore, we analyze the different categories of balance-of-payments models -...

This paper aims to reapproach the external vulnerability of the brazilian economy, based on the the theory and considering the new conditions of the world economy and the transformations that carachterized the Brazilian economy in this century, in the period or rapid growth (until 2010) as well...

Using Thirwall´s model, we can conclude that the restriction of the balance of payments was crucial in the determination of the Brazilian economic growth in the period 1947-2000. The estimated income elasticity of the demand for imported products, based on the extended Thirwall´s model, was...

Capital mobility and economic growth: towards a theoretical synthesis - This paper aims at exploring theoretically the literature regarding capital flows liberalization and economic growth. Precisely, we intend to analyze the role of capital controls over economic growth. Mainstream literature...