Acessibilidade / Reportar erro
Articles • Brazil. J. Polit. Econ. 17 (3) • Jul-Sep 1997 • https://doi.org/10.1590/0101-31571997-0939   copy

Behavior of the monetary base and its conditioning factors in Brazil between January 1992 and March 1996 * * Agradecemos a dois relatores de parecer desta revista pelas valiosas sugestões que permitiram aperfeiçoar este trabalho. Os erros remanescentes são, é claro, de nossa responsabilidade.

Authorship SCIMAGO INSTITUTIONS RANKINGS

ABSTRACT

This paper studies the behavior of the monetary base and its proximate determinants in Brazil between January of 1992 and March of 1996. To achieve this, the paper analyzes monthly variations of the base, using correlation coefficients and the relative participation of each determinant on total variation. The analysis demonstrates that there are several specific differences before and after the Real Plan in the profile of the determinants. However, the analysis also shows that in both periods one of the major determinants of the monetary base is the net flow of foreign exchange to Brazil.

KEYWORDS:
Monetary base; Plano Real; inflation; stabilization

Centro de Economia Política Rua Araripina, 106, CEP 05603-030 São Paulo - SP, Tel. (55 11) 3816-6053 - São Paulo - SP - Brazil
E-mail: cecilia.heise@bjpe.org.br
Acompanhe os números deste periódico no seu leitor de RSS