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...

Portuguese Abstract: Depois de reduzir as taxas inflacionárias e compor um lastro em reservas cambiais para dar segurança às movimentações do comércio exterior brasileiro, em termos macroeconômicos, a redução da taxa de juros SELIC é a mais importante aquisição recente da economia...

This work presents a semi parametric approach to evaluate the role of the Central Bank reserve requirements, both remunerated and non-remunerated, over the bank interest rate distribution in Brazil between September/2000 and March/2004. We adopted the semi parametric approach developed by...

Interaction between central banks and private sector occurs through communication between both parts. Accountability and influence on expectations are the two reasons because central banks communicate with markets. In fact, sometimes communicating objectives, targets and perceptions results in...

This study aims to analyze the impact of macroeconomic variables, especially the prime rate of the economy, on the interest margin (spread) charged by Brazilian banks from 2000 to 2010. To achieve this goal, the study adopted the behavior model of the banking firm developed by Ho and Saunders...

This study aims to evaluate policies that can potentially improve the economic vulnerability of a group of emerging market countries that comprises 23 countries in the period 1998-2007, coping up to 96% of the JPMorgan Emerging Markets Bond Index Global as of December 2007. Through a panel data...