Showing 1 - 10 of 380
The paper analyzes the development of the contemporary globalized financial system as a consequence of the innovations introduced by private markets, but mostly the strategy of the governments, particularly the US. This new global financial system, based on the floating dollar, generated many...
Persistent link: https://www.econbiz.de/10011372190
This paper analyzes on a comparative basis the impact of the two major contemporary financial crises in Japan and in the United States. They were both the result of the burst of speculative bubbles that had allowed the high increase in the value of real estate and equity. The abrupt reversal of...
Persistent link: https://www.econbiz.de/10011372310
The balance of payments' financial account aggregates a very heterogeneous set of capital flows. Among other features, these investments differ in terms of maturity, risk, liquidity and receptor. From this viewpoint, this paper analyzes comparatively the behavior of the main components of the...
Persistent link: https://www.econbiz.de/10010330826
This paper analyzes Brazilian vulnerability to changes in international state of expectations as a result from the nature of its insertion in the external scenario and from institutional changes in foreign exchange market and financial account convertibility. For that purpose, it evaluates the...
Persistent link: https://www.econbiz.de/10011818895
This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and … various alternative scenarios and assumptions regarding the model's main parameters, the observed level of reserves in Brazil …
Persistent link: https://www.econbiz.de/10010330830
This article analyzes the exchange rate misalignment in Brazil in the period between 1994 and the early 2008, exploring … estimations allowed the calculation of the exchange rate misalignment in Brazil. This shows that the exchange rate was overvalued … discusses the main causes of the exchange rate misalignment in Brazil, focusing on the recent period. In this regard, the …
Persistent link: https://www.econbiz.de/10010330858
macroeconomic stability in Brazil. For this purpose,besides a revision in the literature, the paper develops an empirical study on … the effects of financial liberalization in Brazil on a set of macroeconomic variables usingtwo models: one with a de jure … intends to evaluatethe proposal that the full convertibility of capital account in Brazil would result in the reduction of …
Persistent link: https://www.econbiz.de/10010330893
In the wake of the debates on Digitalized Finance, and updating some of its main findings regarding the prognoses of the Fourth Industrial Revolution, this paper presents an overview of recent developments, as well as the main tendencies of the process of digitalization of the Brazilian capital...
Persistent link: https://www.econbiz.de/10011818944
By focusing on the relationship between state and society in countries like Brazil, Russia, India, China and South … Brazil, South Africa and India as a means of expanding state capacity state interaction with society, eventually providing … emphasize the contributions of India and South Africa councils to improve the Brazilian experiences. …
Persistent link: https://www.econbiz.de/10011372169
Persistent link: https://www.econbiz.de/10012616423