ovid-19 pandemics and Exchange rate pressure: an analysis of emerging countries in the period jan2020-jan/2021

Authors

DOI:

https://doi.org/10.1590/c383zm33

Abstract

The objective of this article is to make an empirical characterization of the Covid-19 crisis on emerging countries during the period January/2020 to January/2021, using an exchange rate pressure indicator that takes into account exchange rate, reserves and real interest rates weighted by their standard deviations. Conclusions: i) the most acute period of the crisis occurred in March/20, being among the three biggest periods of exchange pressure since 2003 - behind October/08 and September/11; ii) Algeria, Brazil, Turkey, Pakistan and Nigeria experienced the most severe and persistent effects; iii) in most countries, the external adjustment was mainly due to exchange devaluations, to the detriment of the use of reserves and/or interest rates.

Author Biographies

  • Adriano Vilela Sampaio, Universidade Federal Fluminense

    Professor do Departamento de Economia da Universidade Federal Fluminense. Membro do Grupo de Pesquisa em Financeirização e Desenvolvimento (Finde).  

  • Mauricio Andrade Weiss, Universidade Federal do Rio Grande do Sul

    Professor do Departamento de Economia e Relações Internacionais da Universidade Federal do Rio Grande do Sul. Membro do Grupo de Pesquisa em Financeirização e Desenvolvimento (Finde), do Structuralist Development Macroeconomics (SDM) e do Núcleo de Análise de Política Econômica (NAPE).

  • Paulo Van Noije , Unicamp

    Professor da Faculdade de Ciências Aplicadas da Universidade Estadual de Campinas. Membro do Laboratório de Estudos do Setor Público (LESP/FCA) e do Centro de Estudos de Conjuntura e Política Econômica (CECON/Unicamp)

Published

2025-09-17

Issue

Vol. 34 No. 3 (2025): Economia e Sociedade

Section

Articles

License

Authors who publish in this journal agree to the following terms: Authors retain copyright and grant the journal the right of first publication, with the work simultaneously licensed under a Creative Commons Attribution License, which allows the sharing of the work with acknowledgment of authorship and initial publication in this journal. Authors are authorized to enter into additional contracts separately for the non-exclusive distribution of the version of the work published in this journal (e.g., publish in an institutional repository or as a book chapter), with acknowledgment of authorship and initial publication in this journal. All content of the journal, except where identified, is licensed under a Creative Commons Attribution BY-NC License.