This paper discusses whether there is some evidence in recent literature that banks do obtain economies of scale and scope when they expand their activities, mainly by mergers and acquisitions (M&As). In this connection, this paper shows that, although there is no clear evidence that such...

First, the paper analyses the performance of the trade and exchange rate policies in Brazilian economy since the 1980s, specifically in the post-Real Plan period. Second, it attempts to relate the different degrees of external vulnerability of the period with the behavior of economic growth...

What we show is this article is that there is a link between Post- Keynesian theory and Institutional Economy. This link can help us (i) to understand the instability of the monetary economies and (ii) to oberve the relevance of the institutions in the coordenation process of the monetary economies.

The paper examines the revisions suffered by the financial liberalization model during the decades of 1980 and1990. Such revisions were forced by two sets of factors: the unfavorable results of some econometric tests of the Shaw-McKinnon model and the experiences of several developed (DC) and...

The purpose of this article is to show that access to indexed assets during the high inflation regime (1990-1993) was not evenly distributed among different states in Brazil. An index was elaborated to measure the access to indexed assets and the author concluded that some states had a lower...

The objective of this article is to make a critical evaluation of the controversies about the Cambridge Equation both in the initial phase - when Pasinetti, Kaldor, Meade, Samuelson and Modigliani got involved - and in the second round that followed the publication of Steedman´s article, which...

This paper uses a growth model with dynamic panel techniques in order to investigate how (and if) the institutional architecture of inflation targeting regimes affects the growth performance of the countries that adopt this kind of monetary policy. The sample used to build the panel consists of...