This paper aims to present the main features of an important segment of the Brazilian financial market, the investment funds. These funds, along with insurers and pension funds, constitute the institutional investors or so-called money managers (Minsky, 1989). The arguments are organized as...

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 analysis of the main features of the international financial architecture that contributed to the deepening of the financial crisis allows to outline the necessary reforms in the supervision and regulation. To be effective, such reforms would have to be international in scope and include...

The purpose of this research is to examine the international insertion of Brazilian banking system, in comparison with the South Korean and Mexican experiences. Since the second half of the 1990s, these countries deepened the financial integration between their economies and international...

This paper describes the main characteristics of reverse mortgage and it also assesses the main aspects related to its implementation in Brazil. A reverse mortgage is an equity release product that allows old people to convert their housing asset into an income flow, without the requirement of...

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...

One of the most relevant discussions on bank regulation is the dichotomy between liberalization, with higher competition, and financial stability. To investigate this problem, the article examines competitive conditions and risk taking in Brazilian banks, and investigates their...

The paper studies the development strategy in Brazil along Vargas' second term, focusing the interpretations which emphasize either the assumed incoherence of his cabinet, or its alleged economic orthodoxy, associated with Horacio Lafer's term as Minister of Finance. The central argument is that...

O artigo alega que a defesa do desenvolvimento econômico orientado pelo Estado nacional foi um aspecto central da ideologia política de Getúlio Vargas, mas que as formas específicas do nacional-desenvolvimentismo de Vargas não nasceram prontas em 1930, definindo ao longo do tempo, com...