Impacto da política monetária nas exportações moçambicanas

Abstract

Impact of Monetary Policy on Mozambican Exports The present Licentiate Work has as a general purpose to analyze the global effect of Monetary Policy on exports. The main motivations for carrying out this work are related to the need to understand how the interventions of the monetary authorities in the foreign exchange market affect exports. In fact, after the introduction of the Economic Rehabilitation Program, there was a need to stabilize the economy through the use of monetary and fiscal policies. The Central Bank's objective of controlling the exchange rate then became explicit given the need to promote exports. The work has the following specific objectives: (i) Evaluate the effect of the change in money supply on the MT/ZAR exchange rate depreciation; (ii) Analyze the effect of nominal depreciation on the real exchange rate; (iii) Analyze the effect of inflation on the real exchange rate; and (iv) Analyze the effect of depreciation on exports. To materialize the objectives of this work, bibliographical and experimental research methods were used. In the text, graphs and time series were also used to help understand the behavior of the relevant variables over time. The survey results show that there is an improvement in the level of Mozambique's exports, due to the positive effect of the exchange rate depreciation. In this sense, it is concluded that monetary policy has a positive contribution on exports. Monetary authorities are recommended to increase the range of stimuli to economic agents, in order to improve the quality of national products, making them attractive', and more valued in the international market.(TRADUÇÃO NOSSA)