Financial ‘globalization’ and exchange rate regimes

Vol. 18 No. 2 (1998)

Apr-Jun / 1998
Published April 1, 1998
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Jr., Paulo Nogueira Batista. 1998. “Financial ‘globalization’ and Exchange Rate Regimes”. Brazilian Journal of Political Economy 18 (2):229-40. https://doi.org/10.1590/0101-31571998-1299.

Financial ‘globalization’ and exchange rate regimes

Paulo Nogueira Batista Jr.
Professor da Fundação Getúlio Vargas – FGV/SP, São Paulo/SP, Brasil. Pesquisador-Visitante do Instituto de Estudos Avançados da Universidade de São Paulo.
Brazilian Journal of Political Economy, Vol. 18 No. 2 (1998), Apr-Jun / 1998, Pages 229-240

Abstract

This paper argues that, although international capital flows have increased
rapidly in recent decades, financial markets are still far from forming a unified global market.
It also argues that the effect of increasing capital mobility on national economic policy
autonomy continues to depend, to a large extent, on the choice of the exchange rate regime.

JEL Classification: F31; F62.


Keywords: Capital flows globalization exchange rate regimes exchange rate policy liberalization