One of the basic features of last decade was the formation of groups of emerging economies, as well as the acceptance of their role as important players in the determination of global growth. Recent years have shown, however, a fall in the rate of growth of these economies. In this article we...

One of the basic features of last decade was the formation of groups of emerging economies, as well as the acceptance of their role as important players in the determination of global growth. Recent years have shown, however, a fall in the rate of growth of these economies. In this article we...

This article aims to show that, by analyzing both the historical development of regional integration processes in Latin America and the political and economic ideas behind them, ECLAC's ideas, from the 1950's and 1960's, about what features Latin American integration should present - a...

This article aims to show that, by analyzing both the historical development of regional integration processes in Latin America and the political and economic ideas behind them, ECLAC's ideas, from the 1950's and 1960's, about what features Latin American integration should present - a...

More than eleven years after the end of hyperinflation in Brazil, domestic bond markets have been unable to lengthen the average maturity of both public and private bonds. This paper shows that the lengthening is theoretically and practically (we analyzed the experiences of Israel, Mexico and...

This paper aims at discussing critically Pérsio Arida’s proposal of adopting currency convertibility in Brazil. Arida (2003a, 2003b, 2004) points out that currency convertibility would make for lower interest rates in Brazil, as well as for lower interest rates for the Brazilian external...

More than eleven years after the end of hyperinflation in Brazil, domestic bond markets have been unable to lengthen the average maturity of both public and private bonds. This paper shows that the lengthening is theoretically and practically (we analyzed the experiences of Israel, Mexico and...

This paper evaluates the main determinants of the American Foreign Direct Investment (IDE) flows throughout the recent period. We estimate a gravity model for testing the hypothesis that transnational corporations' decisions concerning IDE are influenced by the sector of activity to which they...