This works studies evidences banks' daily behavior pattern of managing reserves, analyses the rationality behind such observed behavior and its main influencing factors. This study contributes to the existent literature in two fronts: proposing a methodology for analyzing bank reserves' daily...

The technological and institutional environment influences the way of doing research and the relationships between its participants. Intellectual property is a strategic issue to build the institutional framework of the new technological regime and therefore the dynamics of innovation in...

In this work we consider modeling the past volatilities through a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model using the Bayesian approach. Asymmetries in the shocks are accommodated by smooth transition models for the variance. We discuss problems related to the...

In this work we consider modeling the past volatilities through a Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model using the Bayesian approach. Asymmetries in the shocks are accommodated by smooth transition models for the variance. We discuss problems related to the...

The technological and institutional environment influences the way of doing research and the relationships between its participants. Intellectual property is a strategic issue to build the institutional framework of the new technological regime and therefore the dynamics of innovation in...

This paper intents to empirically verify whether some of the confidence indexes more popular in Brazil have effectively been useful in recent years to build reliable forecasts on the evolution of key indicators of economic activity, as well as evaluate the impact of the rapid reversion of the...

This paper intents to empirically verify whether some of the confidence indexes more popular in Brazil have effectively been useful in recent years to build reliable forecasts on the evolution of key indicators of economic activity, as well as evaluate the impact of the rapid reversion of the...

No mercado de trabalho, observa-se que os trabalhadores de empresas com elevado risco de falência têm salários mais baixos que a média. Aparentemente, esta observação é contrária ao previsto pela teoria financeira relativamente a agentes racionais e avessos ao risco que prevê que os...

Estimates based on household surveys often differ considerably from administrative records. In the PNADs, for instance, the estimated number of beneficiaries of the Programa Bolsa Família (PBF) and of the Benefício de Prestação Continuada (BPC) are always lower than the official figures....

The Brazilian municipalities show a huge disparity in income level. The GDP per capita difference between the richest and the poorest municipalities is about 190 times, according to IBGE (2000) database. Institutionalist theory provides a plausible explanation for the gap among municipalities...