Showing 1 - 10 of 142
Este artigo tem como objetivo investigar e estimar o grau de integração financeira do Brasil com os mercados de capitais internacionais no período de 1990 a 2004. O conceito de integração financeira fraca é adotado por meio da relação da paridade coberta de juros (PCJ). Essa condição...
Persistent link: https://www.econbiz.de/10008504418
In recent years, Brazilian economic performance has been influenced by increasingly volatile financial flows and episodes of capital flight, which have occurred mainly due to external events, out of control or influence of the domestic monetary authorities. This paper aims to measure the...
Persistent link: https://www.econbiz.de/10008471900
English Abstract: The long-horizon event study methodology is used to document the severe impact of the US subprime mortgage crisis on the Colombian economy. The estimated parameter of a constant mean return model is used to derive the “abnormal return” on the market portfolios of Colombia...
Persistent link: https://www.econbiz.de/10012949082
This aim of this paper is to test whether or not there was evidence of financial crises ‘contagion’. The sovereignty debt bonds data for Brazil, Mexico, Russia and Argentine were used to implement such test. The ‘contagion’ hypothesis is tested using multivariate volatility models....
Persistent link: https://www.econbiz.de/10015221704
The international capital flows are intensifying due to the deepening of globalization and diversification of portfolios in international capital markets. These factors have contributed to the increased integration of international financial markets. A VAR model is carried out to analyze how a...
Persistent link: https://www.econbiz.de/10015246311
The international capital flows are intensifying due to the deepening of globalization and diversification of portfolios in international capital markets. These factors have contributed to the increased integration of international financial markets. A VAR model is carried out to analyze how a...
Persistent link: https://www.econbiz.de/10015246371
O trabalho analisou as inter-relações entre as taxas de juros domésticas (SELIC e SWAP DI-PR_E 360) e outras variáveis que teoricamente as afetam ou são afetadas por elas, como: o índice EMBI+, o câmbio, a inação e a razão DLSP/PIB. Além destas variáveis foram introduzidos na analise...
Persistent link: https://www.econbiz.de/10008516683
The growing interest of Brazilian companies in the Argentine market has attracted the attention of the both economies on the implications and the reasons behind of this phenomenon. Recent data show a marked increased tendency flow of foreign direct investment (FDI) in Brazil toward the...
Persistent link: https://www.econbiz.de/10010330450
The main argument of this paper is that initiatives for regional cooperation - particularly related to short-term external financing: reserve sharing and trade-related payments systems - are promising avenues for policy efforts, in face of an international financial situation marked by...
Persistent link: https://www.econbiz.de/10010330529
The purpose of this research is to examine the international insertion of Brazilian banking system, in comparison with the South Korean and Mexican experiences. Since the second half of the 1990s, these countries deepened the financial integration between their economies and international...
Persistent link: https://www.econbiz.de/10010330551