Financial markets have become increasingly integrated throughout the world. Does this mean that local financial institutions are becoming irrelevant? We argue that due to the information asymmetries involved in credit concession and banks' role as monitors the answer is no. Motivated by...

Financial markets have become increasingly integrated throughout the world. Does this mean that local financial institutions are becoming irrelevant? We argue that due to the information symmetries involved in credit concession and banks’ role as monitors the answer is no. Motivated by...

This paper seeks to quantify the technological evolution of production in the mechanical sectors of the Brazilian Industry since 1985 until 2009. The main conclusion is the following: it have been a generalized augmentation of productive efficiency and more localized experiences of secondary...

This work follows the series of studies conducted in Ipea, in order to compare the efficiency of the Brazilian health system to health systems of other countries. We evaluate the efficiency of expenditure in health care provision by comparing various output measures (life expectancy; infant...

This paper contrasts alternative preferential trade arrangements involving Brazil and each of the remaining Brics economies: China, India, Russia and South Africa. Bilateral trade liberalization scenarios are simulated under a perfect competition market structure, using the GTAP general...