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Medidas regulatórias, volatilidade e contágio: Um estudo dos casos da energia elétrica e das telecomunicações no Brasil
de Bragança, Gabriel G. Fiuza; Pessoa, Marcelo de Sales; … - 2015
This paper examines how regulatory interventions can affect the market risk of electricity utilities and telecom … authorities in 2012 on the market volatility of both sectors and their covariance. We also adopt the volatility impulse response …
Persistent link: https://www.econbiz.de/10011372325
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Medidas regulatórias, volatilidade e contágio : um estudo dos casos da energia elétrica e das telecomunicações no Brasil
Bragança, Gabriel Godofredo Fiuza de; Pessoa, Marcelo … - 2015
This paper examines how regulatory interventions can affect the market risk of electricity utilities and telecom … authorities in 2012 on the market volatility of both sectors and their covariance. We also adopt the volatility impulse response …
Persistent link: https://www.econbiz.de/10011338737
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Uma avaliação do efeito da redução da taxa de juros sobre a alocação de ativos de renda fixa na previdência complementar Brasileira
Pessoa, Marcelo de Sales; Schlittler, João Gabriel … - 2014
Persistent link: https://www.econbiz.de/10011372357
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Reservas internacionais revisitadas: Novas estimativas de patamares ótimos
Vonbun, Christian - 2013
This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 2004 and the third trimester of 2012, by applying the new Jeanne e Rancière (2011) framework, using different scenarios. The estimates of the optimal holdings of this asset are calculated...
Persistent link: https://www.econbiz.de/10010330480
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Depósitos em moeda estrangeira como hedge para investidores brasileiros de longo prazo: Uma aplicação da teoria da escolha estratégica de portfólio
dos Santos, Carlos Eduardo Meyer; da Silveira, Marcos … - 2010
-term securities, commonly known as currency deposits. In the context of an economy subject to strong volatility, the conventional … depreciation of the domestic currency. Therefore, the foreign currency deposits reduce the volatility of future wealth as the size …
Persistent link: https://www.econbiz.de/10010330501
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Alocação de portfólio da poupança para aposentadoria no Brasil: Um estudo de caso para fundos fechados de pensão
da Silveira, Marco Antonio C.; Coimbra Castello Branco, … - 2011
between risky assets depends not only on the degree of risk aversion, but also on the other demographic, social and economic …
Persistent link: https://www.econbiz.de/10010330539
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Determinantes da alocação de portfólio dos investidores brasileiros: Uma análise empírica com dados de fundos de investimentos
Bragança, Guilherme Lima; da Silveira, Marcos Antonio … - 2011
The canonical model of financial decision argues that the wealth allocation between the risk free asset and the tangent … portfolio of risky assets depends only on the degree of risk aversion of the investor. However, recent theoretical advances … income funds, which differ mainly in the degree of exposure to market risk. The results obtained under normal market …
Persistent link: https://www.econbiz.de/10010330708
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Eficiência alocativa da política de investimentos do regime próprio de previdência social dos entes federativos brasileiros
da Silveira, Marcos Antonio Coutinho - 2013
The paper investigates the allocative efficiency of the investment policy of pension funds established within the Welfare and Social Security System of the Brazilian federal entities. For that, it develops a model of strategic asset allocation for a pension fund whose resources fund a...
Persistent link: https://www.econbiz.de/10010330724
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Reservas internacionais para o Brasil: Custos fiscais e patamares ótimos
Vonbun, Christian - 2008
This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and the same trimester of 2008, by applying the Jeanne e Ranciére (2006) framework, using different scenarios. We also estimate the fiscal costs of holding this asset, as well as the...
Persistent link: https://www.econbiz.de/10010330830
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Os fundos brasileiros de previdência complementar: Segmentações analíticas e estudos preliminares sobre a alocação de seus recursos
De Conti, Bruno - 2016
Brazilian pension funds hold together a portfolio that exceeds R$ 1 trillion. This volume of resources justifies researches that try to understand the management of these portfolios. This paper aims therefore to analyze the allocation of the wealth managed by these funds. As an associated goal,...
Persistent link: https://www.econbiz.de/10011444810