Inflation targeting and price-making in monetary economies: is it possible to conciliate growth with price stability? - Recently a number of countries have adopted explicit inflation targets as a guide for policy since a numerical target is attractive for anchoring inflation expectations....

Monetary policy, inflation and economic growth: the influence of the monetary authority?s reputation upon the economy The following paper aims to show that, although a monetary policy, which merely seeks to control inflation through an interest rate rule (under inflation targeting), may reach...

One of the most relevant discussions on bank regulation is the dichotomy between liberalization, with higher competition, and financial stability. To investigate this problem, the article examines competitive conditions and risk taking in Brazilian banks, and investigates their...

In this paper, we describe the operation of the foreign exchange (FX) market in Brazil and discuss the relations between prices of derivatives and spot prices. A literature review of interventions in the FX market is done. Then, we study, in a descriptive way, the interventions of the Central...

In this paper, we describe the operation of the foreign exchange (FX) market in Brazil and discuss the relations between prices of derivatives and spot prices. A literature review of interventions in the FX market is done. Then, we study, in a descriptive way, the interventions of the Central...

No contexto de transição regulamentar para os padrões do acordo de Basiléia II, este artigo analisa o comportamento cíclico do capital bancário brasileiro sob a regulação atual. Utilizamos um painel não-balanceado de dados dos bancos operando no Brasil entre 2003 e 2008 para estimar,...

The objective of this study is to estimate the socioeconomic impact of the deployment of last-mile digital infrastructure in Latin America and the Caribbean. To measure the impact of the economic and social aspects of this type of infrastructure, the analysis differentiates according to the...

Portuguese Abstract: Neste capítulo, estudam-se duas alternativas. Primei- ro, a receita de um imposto com alíquota baixa, de 0,005% – isto é, 5 centavos de euro a cada € 1.000,00 –, proposta pelo Grupo Piloto com o objetivo único de levantar receitas para financiar o desenvolvimento....

The objective of this study is to estimate the socioeconomic impact of the deployment of last-mile digital infrastructure in Latin America and the Caribbean. To measure the impact of the economic and social aspects of this type of infrastructure, the analysis differentiates according to the...