Currency crisis and external fragility: A minskyan interpretation applied to the Brazilian economy between 1999 and 2013

dc.contributor.authorSarto, Victor Hugo Rocha [UNESP]
dc.contributor.authorde Almeida, Luciana Togeiro [UNESP]
dc.contributor.institutionUniversidade Estadual Paulista (Unesp)
dc.date.accessioned2018-12-11T16:55:02Z
dc.date.available2018-12-11T16:55:02Z
dc.date.issued2015-12-01
dc.description.abstractThis work has two goals. The first one is to develop an interpretation for open economies founded on Minsky’s financial fragility hypothesis about the process of a currency crisis and its determinants. The deterioration of an economy’s external financial structure is identified as the reason for the increase of its crisis susceptibility. With this approach, we create external fragility indexes intending to measure an economy’s crisis susceptibility. Our second objective is to evaluate the Brazilian external fragility between 1999 and 2013 using the index and the interpretation previously developed. The results suggest that Brazilian’s external fragility suffered a gradual and significant decrease and tends to follow stable trend in the coming years.en
dc.description.affiliationUniversidade Estadual Paulista “Júlio de Mesquita Filho” – UNESP, Campus de Araraquara
dc.description.affiliationUnespUniversidade Estadual Paulista “Júlio de Mesquita Filho” – UNESP, Campus de Araraquara
dc.format.extent891-938
dc.identifierhttp://dx.doi.org/10.1590/0103-6351/2738
dc.identifier.citationNova Economia, v. 25, n. Special Issue, p. 891-938, 2015.
dc.identifier.doi10.1590/0103-6351/2738
dc.identifier.fileS0103-63512015000400891.pdf
dc.identifier.issn1980-5381
dc.identifier.issn0103-6351
dc.identifier.scieloS0103-63512015000400891
dc.identifier.scopus2-s2.0-85052060058
dc.identifier.urihttp://hdl.handle.net/11449/171365
dc.language.isoeng
dc.relation.ispartofNova Economia
dc.relation.ispartofsjr0,156
dc.rights.accessRightsAcesso aberto
dc.sourceScopus
dc.subjectBrazilian economy
dc.subjectCurrency crisis
dc.subjectExternal fragility
dc.subjectMinsky
dc.titleCurrency crisis and external fragility: A minskyan interpretation applied to the Brazilian economy between 1999 and 2013en
dc.titleCrises cambiais e fragilidade externa: Uma interpretação minskyana aplicada à economia Brasileira entre 1999 e 2013pt
dc.typeArtigo

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