After strong currency crisis, in January 1999, Brazil implemented flexible exchange rate regime combined with inflation targeting. Some economists believe that emerging markets do not allow the exchange rate to float as much they had announced and therefore they suffer from the fear of floating....

The phenomenon of high and persistent short-term real interest rates in Brazil has stimulated an extensive literature attempting to explain its causes. Among the various contributions on the topic, one that has received considerable attention is the article by Arida, Bacha, and Lara-Resende...

The main concern of this paper is to investigate the Brazilian sectorial exports as a function of the two variables, that is, Revealed Comparative Advantage Index (RCV) and Balance Trade Contribution Index (TBC), from 1997 to 2001, according to cross-sectional and panel-data estimations, in...