Volatilidade Cambial em Tempos de COVID nos BRICS: Modelos ARDL e de Cointegração (FMOLS e DOLS)

Authors

  • Valdecy Caetano Universidade Federal de Uberlândia
  • Flavio Vilela Vieira Universidade Federal de Uberlândia

Abstract

The main goal of this work is to develop an empirical investigation on the occurrence of a sanitary crisis with data of cases and deaths of COVID, and their possible impact on the exchange rate volatility for the BRICS with daily data from February 20, 2020, to February 28, 2022, using ARDL, FMOLS and DOLS models. The results indicate that increases in the number of confirmed cases and deaths are associated with lower levels of exchange rate volatility, indicating that monetary and fiscal policies were inefficient in the context of a generalized health crisis in directing capital flows, and since the COVID crisis is a global one, during the period of analysis there was a relative exchange rate stability, in other words, a lower exchange rate volatility.

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Published

2024-06-18

How to Cite

Caetano, V., & Vilela Vieira, F. (2024). Volatilidade Cambial em Tempos de COVID nos BRICS: Modelos ARDL e de Cointegração (FMOLS e DOLS). Revista De Economia Mackenzie, 21(1), 119–142. Retrieved from http://editorarevistas.mackenzie.br/index.php/rem/article/view/16649

Issue

Vol. 21 No. 1 (2024)

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Artigos

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Copyright (c) 2024 Valdecy Caetano

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