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, India, Brazil, and South Africa (CIBS). Furthermore, we compare the level of financial stability, and the composition and … systems. -- international financial markets ; financial stability ; capital flows ; exchange rates ; China ; India ; Brazil …
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We estimate a dynamic, stochastic, general equilibrium model of the Brazilian economy taking into account the transition from a currency peg to inflation targeting that took place in 1999. The estimated model exhibits quite different dynamics under the two monetary regimes. We use it to produce...
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Brazil. Our results can be summarized in three points. First, FX interventions have had a short-lived effect on the exchange …
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