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March 2007 and March 2014, as well as analyses methodological aspects of balance sheet data of the banks in Brazil. The … behavior of credit by public banks; especially Caixa Econômica Federal and Banco do Brasil. While the growth of banking credit … was commanded by private banks between 2003 and 2008, after the global financial crisis of 2008 the public banks led this …
Persistent link: https://www.econbiz.de/10011444824
March 2007 and March 2014, as well as analyses methodological aspects of balance sheet data of the banks in Brazil. The … behavior of credit by public banks; especially Caixa Econômica Federal and Banco do Brasil. While the growth of banking credit … was commanded by private banks between 2003 and 2008, after the global financial crisis of 2008 the public banks led this …
Persistent link: https://www.econbiz.de/10011404453
Portuguese Abstract: Evoluções recentes em tecnologia levaram à evolução das formas de captação de recursos, em particular por meio dos chamados ICOs (initial coin offerings). A reação regulatória dos vários países foi extremamente diversa. O presente trabalho busca (i) explicar os...
Persistent link: https://www.econbiz.de/10012915918
Portuguese abstract: ABSTRATO: Com o avanço de blockchain e smart contracts, bem como constantes anúncios de projetos de grande escala utilizando estas ferramentas, parece cada vez mais provável que diversos aspectos da sociedade e economia passem a adotar estas tecnologias e, sendo...
Persistent link: https://www.econbiz.de/10013242416
A partir d’une approche interdisciplinaire, l’article cherche à élucider ce qu’on peut appeler la nature de la monnaie. Pour cela, on distingue d’abord les propriétés génériques de toute monnaie et ses usages non spécifiquement monétaires. On présente ensuite les trois formes...
Persistent link: https://www.econbiz.de/10008679053
The paper discusses the impacts of an inflation target regime on growth, distribution and stability in an open economy from a Post-Keynesian perspective. The model combines a conflicting claims theory of inflation, changes in the rate of capacity utilization and equilibrium in the external...
Persistent link: https://www.econbiz.de/10009642541
In the recent debate on the Brazilian growth model, the accuracy of the economic tripod (inflation targeting, primary fiscal target and floating exchange rate regimes) was pointed out as being responsible for the lowering of Brazilian economic growth and as a hindrance to its development....
Persistent link: https://www.econbiz.de/10011372323
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
The central purpose of this study is to assess the performance of the inflation targeting regime adopted in Brazil, in a context of high exchange rate volatility, as well as high public debt. In order to accomplish this, a Vector Autoregressive methodology was used. The results suggest that: i)...
Persistent link: https://www.econbiz.de/10004968485
This paper investigates the presence of non-linear mechanisms of the pass- through from exchange rate to inflation in Brazil. In particular, it estimates a Phillips curve with a threshold for the passthrough. The paper examines whether the short-run magnitude of the pass-through is affected by...
Persistent link: https://www.econbiz.de/10004968541