Authoritarian governments and exchange rate policy in Latin American countries. Our aim on this paper is to identify the exchange rate policies used by Authoritarian governments in Latin America during the seventies and eighties. The literature shows that the focus of the exchange rate policy...

This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and the same trimester of 2008, by applying the Jeanne e Ranciére (2006) framework, using different scenarios. We also estimate the fiscal costs of holding this asset, as well as the...