The authors aim at obtaining a simple econometric model that allows to build a confidence interval for the dispersion of the bids made by financial institutions at the Central Bank weekly auctions of short term securities in Brazil. Under competitive conditions it is assumed that the bids'...

Capital account liberalization and economic growth: evidences from data in Latin-American panel. The aim of this paper is to carry out an empirical analysis about the relation between Capital Account Liberalization and Economic Growth having as object of study the experience of 16 countries of...

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...