This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 2004 and the third trimester of 2012, by applying the new Jeanne e Rancière (2011) framework, using different scenarios. The estimates of the optimal holdings of this asset are calculated...

Over the past decade, Brazil has launched a foreign policy that has revealed its aim to broaden its influence in the design of the global multilateral architecture, and increase both its presence in UN peace operations and its cooperation in the development of low-income countries (LICs) in...

This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and the same trimester of 2008, by applying the Jeanne e Ranciére (2006) framework, using different scenarios. We also estimate the fiscal costs of holding this asset, as well as the...

The aim of this paper is to address the bilateral relations between Brazil and Bolivia in the context of the expansion of scope and length of Brazilian south-south cooperation. This study revolves around the main argument that horizontal cooperation with Bolivia must be perceived in connection...