This paper verifies the uncovered interest parity to Brazilian economy. The main finding is that under fixed exchange rate the uncovered interesty parity fails. This confirms the theoretical point proposed by Krasker (1980)

This paper verifies the uncovered interest parity to Brazilian economy. The main finding is that under fixed exchange rate the uncovered interesty parity fails. This confirms the theoretical point proposed by Krasker (1980)

This paper analyse the influences of speculative capital movements on exchange rate levels and its volatility in Brazil. Approaches based only in fundamentals are unable to explain some empirical regularity. The speculative behaviour needs to be considered. In particular, empirical works...