Pandemia da Covid-19 e pressão cambialuma análise dos países emergentes no período jan. 2020-jan. 2021

Resumo

The objective of this article is to provide an empirical characterization of the Covid-19 crisis in emerging countries during the period from January 2020 to January 2021, using an exchange rate pressure indicator that incorporates exchange rates, reserves, and real interest rates, weighted by their respective standard deviations. The key findings of our research are as follows: i) March 2020 was the period of greatest exchange rate pressure during the Covid-19 crisis, with the indicator reaching its third-highest level since 2003; ii) the most significant and persistent effects were observed in Algeria, Brazil, Turkey, Pakistan, and Nigeria; iii) in most countries, the exchange rate served as the main adjustment variable, rather than reserves and/or interest rates.

Ficha do documento

Tipo

Artigo científico

Ano

2025

Instituição

Universidade Estadual de Campinas

Fonte

Economia e Sociedade

Idioma

Português

Acesso

Não informado

Identificador

oai:ojs.periodicos.sbu.unicamp.br:article/8681097

Licença

https://creativecommons.org/licenses/by/4.0

Abrangência

2020-jan. 2021; 2020-jan. 2021; 2020-jan. 2021

Palavras-chave

Covid-19Emerging countriesExchange rate pressure indexExchange rateInternational reservesPaíses emergentesÍndice de pressão cambialTaxa de câmbioReservas internacionais