This paper has as main objective to estimate the bilateral misalignment from the methodology described by Alberola et al. (1999) for the main Brazilian trade partners. Therefore, we present the main approaches used to estimate the multilateral real exchange rates and description of the...

This paper has as main objective to estimate the bilateral misalignment from the methodology described by Alberola et al. (1999) for the main Brazilian trade partners. Therefore, we present the main approaches used to estimate the multilateral real exchange rates and description of the...

This paper aims to compare two different methodologies to estimate exchange rate misalignment. The first methodology consists in using multivariate time series techniques and a model with domestic variables. The second methodology consists in Pesaran's Global Vector Error Correction Model with...

This paper aims to compare two different methodologies to estimate exchange rate misalignment. The first methodology consists in using multivariate time series techniques and a model with domestic variables. The second methodology consists in Pesaran’s Global Vector Error Correction Model with...

O trabalho analisou as inter-relações entre as taxas de juros domésticas (SELIC e SWAP DI-PR_E 360) e outras variáveis que teoricamente as afetam ou são afetadas por elas, como: o índice EMBI+, o câmbio, a inação e a razão DLSP/PIB. Além destas variáveis foram introduzidos na analise...

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 -...