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In this paper, the relationship between macroeconomic fundamentals and asset prices is explored by estimating the impact of macroeconomic announcements in the Brazilian futures market. Using intraday data from October 2008 to January 2011, results show that external macroeconomic announcements...
Persistent link: https://www.econbiz.de/10011516685
In this paper, the relationship between macroeconomic fundamentals and asset prices is explored by estimating the impact of macroeconomic announcements in the Brazilian futures market. Using intraday data from October 2008 to January 2011, results show that external macroeconomic announcements...
Persistent link: https://www.econbiz.de/10011446420
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
This article analyzes the exchange rate misalignment in Brazil in the period between 1994 and the early 2008, exploring its causes and consequences. The method used was to adjust the exchange rate according to the economic fundamentals. The estimations led to an expected long-term exchange rate,...
Persistent link: https://www.econbiz.de/10003857099
This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....
Persistent link: https://www.econbiz.de/10009314554
during the 1990s in an attempt to expand FDI inflows. Although the theory on the subject predicts a positive relationship … between the inflow of FDI and the conclusion of these agreements, the empirical literature is not conclusive about what … impacts TBIs have on FDI, making uncertain the effects that these agreements have had on investment decisions in the region …
Persistent link: https://www.econbiz.de/10012628665
foreign direct investment (FDI) in Brazil toward the neighboring country, either through new production facilities or by … corporations in this country. With this in mind, this text provides some information about the movement of FDI in Latin America and …
Persistent link: https://www.econbiz.de/10009230228
during the 1990s in an attempt to expand FDI inflows. Although the theory on the subject predicts a positive relationship … between the inflow of FDI and the conclusion of these agreements, the empirical literature is not conclusive about what … impacts TBIs have on FDI, making uncertain the effects that these agreements have had on investment decisions in the region …
Persistent link: https://www.econbiz.de/10012597653
The financial account of the balance of payments aggregates a set of heterogeneous flows, with marked differences in terms of purpose, risk, maturity and liquidity. With this perspective, the paper analyzes the factors that explain comparatively extreme events occurred in the flows of the three...
Persistent link: https://www.econbiz.de/10011372287
foreign direct investment (FDI) in Brazil toward the neighboring country, either through new production facilities or by … corporations in this country. With this in mind, this text provides some information about the movement of FDI in Latin America and …
Persistent link: https://www.econbiz.de/10010330450