Brazilian exchange policy


The foreign exchange model adopted by Brazil is a key factor for the stability and economic growth of the country. In this post-crisis period, marked by alterations in the exchange rate parity, concern about the direction of the Brazilian economy is inevitable and with it the following question: what are the conditioning factors of the exchange rate and Brazilian foreign exchange policy for 2010? To clarify this and other questions, FGV Projetos organized the seminar "Exchange Rate Perspectives 2010". Authorities in Economics, namely Finance Minister Guido Mantega, Yoshiaki Nakano - Director of the São Paulo School of Economics of Fundação Getulio Vargas (EESP / FGV), Luiz Carlos Bresser-Pereira - former Finance Minister and Professor of Economics and Political and Social Theory of Fundação Getulio Vargas (FGV), and Roberto Giannetti - Director of the Department of International Relations and Foreign Trade of the São Paulo State Industries Federation (Fiesp), and FGV Economists and Professors Samuel Pessôa and Márcio Holland, discussed the exchange rate and its -perspectives. During the seminar, whose lectures are in this edition of Cadernos FGV Projetos, key data and varying comments were discussed on the Brazilian economic scenario and our exchange rate. Finance Minister Guido Mantega stressed the difficulties encountered by the Brazilian economy due to the absence of a homogeneous foreign exchange regime between the countries. China's competi tive edge on the world markets is another determining factor in upsetting the economic scenario, according to the specialists. With the yuan linked to the dollar, the Chinese product gains an unique competitive status. In addition to the talks during the seminar, this edition of Cadernos FGV Projetos publishes the testimonies of the president of Fundação Getulio Vargas, Carlos Ivan Simonsen Leal, Senator Eduardo Suplicy and Rubens Cysne, director of the Post-Graduate School of Economics of Fundação Getulio Vargas (EPGE / FGV). Exclusive interviews with two key personalities for in-depth discussion of the topic are also provided in this edition. The first interview feature Dennis Snower, president of Kiellnstitute for the World Economy (lfW), from Germany, who recently visited FGV in Rio de Janeiro to discuss the directions of global economy. The second addresses the opinion of Luiz Gonzaga Belluzzo, Chair of Economics at the State University of Campinas (Unicamp). We therefore hope that this edition contributes to clarifying key questions on the exchange rate in Brazil.