Market of foreign exchange hedge in Brazil

The IBMEC Economics Discussion Paper "The market of foreign exchange hedge in Brazil: Reactions of financial institutions to interventions of the central bank" says that between 1999 and 2002, Brazil's central bank sold expressive amounts of dollar indexed debt and foreign exchange swaps.

This paper shows that in periods of high volatility of the exchange rate, first semester of 1999 and second semester of 2002, the Central Bank of Brazil increased the foreign exchange hedge, but the financial

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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