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Desenvolvimentos institucionais recentes no setor de telecomunicações no Brasil
de Sousa, Rodrigo Abdalla Filgueiras; de Souza, … - 2013
developed by Levy and Spiller (1993, 1994, 1996), the paper examined both governance structure and incentive model of the … institutional context. From the evidences presented, it may be inferred that Brazil has a solid governance structure for the … regulatory system. The stability of regulatory governance prevailed over political changes caused by government alternation, and …
Persistent link: https://www.econbiz.de/10010330900
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Desenvolvimentos institucionais recentes no setor de telecomunicações no Brasil
Sousa, Rodrigo Abdalla Filgueiras de; Souza, Nathalia … - 2013
developed by Levy and Spiller (1993, 1994, 1996), the paper examined both governance structure and incentive model of the … institutional context. From the evidences presented, it may be inferred that Brazil has a solid governance structure for the … regulatory system. The stability of regulatory governance prevailed over political changes caused by government alternation, and …
Persistent link: https://www.econbiz.de/10010230695
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Mercado de câmbio Brasileiro, intervenções do Banco Central e controles de capitais de 1999 a 2012
Bastos, Estêvão Kopschitz Xavier; Fonte, Patrícia … - 2014
In this paper, we describe the operation of the foreign exchange (FX) market in Brazil and discuss the relations between prices of derivatives and spot prices. A literature review of interventions in the FX market is done. Then, we study, in a descriptive way, the interventions of the Central...
Persistent link: https://www.econbiz.de/10011372352
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O Banco Central do Brasil: Institucionalidade, relações com o estado e com a sociedade civil, autonomia e controle democrático
Carvalho, Carlos Eduardo; Oliveira, Giuliano Contento de; … - 2010
The article discusses, based in the theory of Central Bank independence and in the process of formation of the Brazilian monetary authority, the autonomy de facto of BCB inside the State and in face to civil society. Although it is not formally independent, for not disposing of the exclusive...
Persistent link: https://www.econbiz.de/10010330711
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Convenção e rigidez na política monetária: Uma estimativa da função de reação do BCB - 2000-2007
Modenesi, André de Melo - 2008
The adoption of the Taylor rule is an essential element of the New Consensus on Monetary Policy, characterized by the recent acceptance, by the orthodoxy, of money stock endogeneity. In line with the reviewed literature, a reaction function of the Brazilian Central Bank (BCB) is estimated with a...
Persistent link: https://www.econbiz.de/10010330873
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Evolução da política do recolhimento compulsório no Brasil pós-real
Cavalcanti, Marco A. F. H.; Vonbun, Christian - 2013
We present a detailed survey of changes in the reserve requirement system in Brazil and analyze the system's main functions and goals during the period from 1994 to 2012. We identify four different subperiods with respect to the use of this policy tool. In the first subperiod, from july 1994 to...
Persistent link: https://www.econbiz.de/10010331102
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Regras de políticas monetária e fiscal no Brasil: Evidências empíricas de dominância monetária e dominância fiscal
de Mendonça, Mário Jorge Cardoso; Moreira, Tito … - 2017
Based on the hypothesis that the rulers of monetary and fiscal policy in Brazil may have been submitted to different regimes, the present study applies Leeper model (1991; 2005) in order to identify the chronology of policy regimes regarding their active and passive character. The policy rules are...
Persistent link: https://www.econbiz.de/10011818884
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A gerência recente do endividamento público brasileiro
Maia, Pedro; Garcia, Márcio G. P. - 2011
We use two frameworks to analyze the recent Brazilian public debt management. The first one encompasses the Brazilian optimal public debt management analysis through the examination of the correlations among the main variables to which the public debt is indexed. The second seeks to address the...
Persistent link: https://www.econbiz.de/10011807419
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O que mostram as demonstrações? Balanços e resultados dos bancos centrais
e Silva, Antonio Carlos Macedo - 2016
This paper deals with the financial statements of Central Banks. The starting point is the analysis of their balance sheets, which reveal their strong connections, on the one hand, with the National Treasuries; on the other hand, with the financial firms. The balance sheets reveal, besides the...
Persistent link: https://www.econbiz.de/10011537884
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Estados e mercados na crise financeira
Farhi, Maryse - 2018
The recent financial crisis shed a new light on issues that, previously, were not perceived as serious or important. It highlighted the close ties between fiat money and government bonds denominated in it that imply a strong relationship between Treasury and Central Bank. Two ill-conceived views...
Persistent link: https://www.econbiz.de/10012146759