The present study examines which changes in financial instruments are recommended or have been made since then to enable expansion of investments with greater private sector participation in project financing. Such changes may be in the legislation of infrastructure debentures, the taxation of...

The present study examines which changes in financial instruments are recommended or have been made since then to enable expansion of investments with greater private sector participation in project financing. Such changes may be in the legislation of infrastructure debentures, the taxation of...

This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...

This paper presents an exploratory analysis of the institutional arrangement of the Fund of Investment of Guarantee of the Time of Service (FI-FGTS, in Portuguese) with the main objective of assessing the institutional configuration and the operational performance of FI-FGTS. This instrument was...

This paper presents an exploratory analysis of the institutional arrangement of the Fund of Investment of Guarantee of the Time of Service (FI-FGTS, in Portuguese) with the main objective of assessing the institutional configuration and the operational performance of FI-FGTS. This instrument was...

This paper aims to present the main features of an important segment of the Brazilian financial market, the investment funds. These funds, along with insurers and pension funds, constitute the institutional investors or so-called money managers (Minsky, 1989). The arguments are organized as...

This paper aims to present the main features of an important segment of the Brazilian financial market, the investment funds. These funds, along with insurers and pension funds, constitute the institutional investors or so-called money managers (Minsky, 1989). The arguments are organized as...

Portuguese Abstract: Em uma economia emergente, na qual seus governos gastam com o serviço de sua dívida um volume de recursos igual ou superior ao que se despende com muitos dos gastos sociais antes mencionados, nunca é demais conhecer e refletir sobre o citado endividamento governamental....

The paper studies the making of a development strategy in Brazil along the 1930's and, particularly, during Estado Novo regime, focusing the reasons which lead Brazilian government to attempt at attracting steel foreign subsidiaries and, failing, to resort to "Pan-American cooperation" in order...