The behavior of the International Investment Position in the analysis of the external vulnerability of the Brazilian economy
External vulnerability; Brazilian economy; International Investment Position
The external vulnerability of the Brazilian economy, the main theme of this work, can be analyzed in several perspectives. In this research, we observe external vulnerability from the perspective of the International Investment Position (IIP) during the period 2001T4-2015T4, with a major emphasis on the influence of asset prices (ak rate). The results found shows that ak rate influence in a majorary way the variation of the International Investment Position, when positive contributing to an improvement in the external vulnerability of the Brazilian economy. However, external vulnerability shall not be analysed only from the perspective of IIP, and a group of ratios were employed to capture many aspects of it.