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We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010331102
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010230124
Portuguese abstract: ABSTRATO: Com o avanço de blockchain e smart contracts, bem como constantes anúncios de projetos de grande escala utilizando estas ferramentas, parece cada vez mais provável que diversos aspectos da sociedade e economia passem a adotar estas tecnologias e, sendo...
Persistent link: https://www.econbiz.de/10013242416
Spanish Abstract: Indonesia ha sido tradicionalmente uno de los centros globales de abastecimiento de commodities, al punto que la búsqueda de una ruta alternativa a ella desencadena el descubrimiento de América. A pesar de su tradicional importancia, esta y muchas otras facetas suyas se...
Persistent link: https://www.econbiz.de/10012949285
Portuguese Abstract: Evoluções recentes em tecnologia levaram à evolução das formas de captação de recursos, em particular por meio dos chamados ICOs (initial coin offerings). A reação regulatória dos vários países foi extremamente diversa. O presente trabalho busca (i) explicar os...
Persistent link: https://www.econbiz.de/10012915918
The central purpose of this study is to assess the performance of the inflation targeting regime adopted in Brazil, in …) there is presence of inflationary inertia; iii) changes in interest rate to fight inflation can provoke more inflation; iv …) the inflation rate is quite sensitive to the exchange rate volatility; v) the inflation rate answers, in way erratic and …
Persistent link: https://www.econbiz.de/10004968485
these states is generating a particular form of monetary reliability ? ethical (trust), methodic (confidence), and …
Persistent link: https://www.econbiz.de/10005000182
(trust), methodic (confidence), and hierarchical (credibility). Finally, correlating the two preceeding points of view, we …
Persistent link: https://www.econbiz.de/10008679053
This paper develops a simple structuralist model to deal with the relationships between inflation and external … formation', namely, the regime of price formation through which both real interest rates and inflation rates moved together …
Persistent link: https://www.econbiz.de/10005652815
The aim of this paper is to analyze critically the Independence of Central Banks (ICB). By presenting the theoretical arguments that support the independence, as well as some empirical studies regarding this topic, we introduce the main critical concerns about the argument of ICB. Besides, we...
Persistent link: https://www.econbiz.de/10005086369