The "hot money" phenomenon in Brazil
Because of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what pe...
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| Format: | Article |
| Language: | English |
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Editora 34
2012-09-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572012000300002&lng=en&tlng=en |