Portuguese Abstract: Este artigo utiliza o analise de componentes principais para avaliar os movimentos da Estrutura a Termo brasileira. Com os fatores obtidos aplicam-se os procedimentos de imunização de carteira de renda fixa local e compara-se o resultado a uma estratégia de hedge simples...

The promotion of public policy development, focusing on results, needs indicators for monitoring its effectiveness. The indices of municipal development, synthetic indices that capture certain aspects of local development, serve as reference for the diagnosis and monitoring of the results of the...

The institutionalization of SUS made the municipalities important players in the public health policy. Thus, it was expected that the amount of resources allocated to public health would be determinate in some measure by the political party preferences. Given these political and institutional...

Besides the introduction and the final conclusions, this Discussion Paper has four sections. The first presents the "state of art", that is, the current debate about the long-term financing of the neo-corporatist state capitalism in Brazil. Then it shows the personal and corporate wealth as...

The purpose of this paper is to present the dynamics of the credit market in Brazil between 2007 and 2015, through the analysis of selected data and indicators. The interregnum considered in this paper comprises a period of important changes in the credit market in Brazil. While the expansion of...

This brief essay discusses the balance sheet evolution of the banking system in Brazil in the recent period, between March 2007 and March 2014, as well as analyses methodological aspects of balance sheet data of the banks in Brazil. The study shows substantial changes in the banking system...

In 2011, the Brazilian government granted an income tax benefit to corporate bonds issued with the specific purpose of financing long-term infrastructure investments (Law 12.431/2011). The financial bonds favored by this policy have become known as "incentivized bonds". This paper describes the...

The aim of this article is to describe the new stage of development of the banking system whose dynamics led to the global financial crisis of 2008. The main feature of this stage, which emerged on the threshold of the 21st century, is the inextricable interpenetration between the balance sheets...

This paper presents an exploratory analysis of the institutional arrangement of the Fund of Investment of Guarantee of the Time of Service (FI-FGTS, in Portuguese) with the main objective of assessing the institutional configuration and the operational performance of FI-FGTS. This instrument was...