EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018

Authors

  • Jander Luiz Silva Archanjo Universidade Federal de Alfenas
  • Bernardo Pádua Jardim de Miranda Universidade Federal de Alfenas

DOI:

https://doi.org/10.14393/REE-v36n2a2021-54860

Abstract

The present article analyzes the external financial fragility of the Brazilian economy in the period between the years 2003 and 2018. For this purpose, external financial fragility indicators are calculated, which have as theoretical basis the Minsky Financial Fragility Hypothesis (1986), adapted for an open economy. The indicators showed that Brazil has a high proportion of short-term external liabilities, compared to reserves and that Brazilian exports are considerably low in view of the current demand for foreign currency. It was also found that the trajectory of these indices was strongly influenced by the fluctuation in commodity prices and by equity factors.

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Published

2021-07-21

How to Cite

SILVA ARCHANJO, J. L. .; PÁDUA JARDIM DE MIRANDA, B. EXTERNAL FINANCIAL FRAGILITY OF THE BRAZILIAN ECONOMY IN THE PERIOD 2003-2018. Revista Economia Ensaios, Uberlândia, Minas Gerais, Brasil, v. 36, n. 2, 2021. DOI: 10.14393/REE-v36n2a2021-54860. Disponível em: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/54860. Acesso em: 23 nov. 2024.

Issue

Vol. 36 No. 2 (2021)

Section

Artigos

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