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Artigos • Rev. econ. contemp. 20 (1) • Jan-Apr 2016 • https://doi.org/10.1590/198055272014   copy

COMMODITY CURRENCIES: A REAL PHENOMENON IN BRAZIL?

Authorship SCIMAGO INSTITUTIONS RANKINGS

ABSTRACT

This work aims to investigate the role that the Brazilian currency, Real, may play on the commodity currencies model. The evidences show a significant correlation between the trajectory followed by Real in the last decade and the commodity currencies scheme, where the country's exchange rate tends to follow the evolution of the international commodity prices, understand as a group of products mainly originating from agricultural and mineral sectors.

KEYWORDS:
commodity currencies; commodity prices; Brazilian exchange rate.

Instituto de Economia da Universidade Federal do Rio de Janeiro Avenida Pasteur, 250 sala 114, Palácio Universitário, Instituto de Economia, 22290-240 Rio de Janeiro - RJ Brasil, Tel.: 55 21 3938-5242 - Rio de Janeiro - RJ - Brazil
E-mail: rec@ie.ufrj.br
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