This paper aims at analyzing the relationship between capital account liberalization,economic performance and 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...

The Brazilian banking sector experimented huge changes in the last years. This provoked a wave of banking mergers and acquisitions (M&As) and the penetration of some foreign banks in the Brazilian retail banking market. Bradesco, Itaú, Unibanco, Santander, ABN Amro and HSBC became the leaders...

This paper aims at analyzing the relationship between capital account liberalization,economic performance and 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...

Este trabalho busca entender o comportamento recente da política fiscal à luz da experiênciabrasileira de liberalização na conta de capital. A análise, entre 1995 e 2000,representa um período de elevada liberalização na conta de capital e um comportamentoda política fiscal que pode ser...

Este artigo tem por objetivo avaliar como a administração da dívida pública no Brasil afetou a sua sustentabilidade no período 1996-2007. A partir de 2003 o gerenciamento da dívida brasileira buscou alterar a combinação entre custo e risco,privilegiando o primeiro. Ao utilizar modelos...

The adoption of the inflation target regime raises the question of the determinationof the target to be aimed. Monetary models show that this rate is negative and almostzero. However, countries have adopted a target of inflation between 2%-3%. The goalof this paper is to include a fiscal...