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Persistent link: https://www.econbiz.de/10003821540
This paper investigates the relationship between interest rate and volatility of real effective exchange rate in Brazil …, it was observed that: it’s not possible to say that the percentage change in real effective exchange rate, its volatility … inflation targeting, this account suggests that the high exchange rate volatility in Brazil may be related to the monetary …
Persistent link: https://www.econbiz.de/10009229326
. The volatility of interest rates, however, showed no significant results. …
Persistent link: https://www.econbiz.de/10009558421
Persistent link: https://www.econbiz.de/10001024915
More than eleven years after the end of hyperinflation in Brazil, domestic bond markets have been unable to lengthen the average maturity of both public and private bonds. This paper shows that the lengthening is theoretically and practically (we analyzed the experiences of Israel, Mexico and...
Persistent link: https://www.econbiz.de/10011807339
More than eleven years after the end of hyperinflation in Brazil, domestic bond markets have been unable to lengthen the average maturity of both public and private bonds. This paper shows that the lengthening is theoretically and practically (we analyzed the experiences of Israel, Mexico and...
Persistent link: https://www.econbiz.de/10005744612
This paper examines how monetary policy decisions in Brazil, regarding short term interest rates, have affected the term structure of interest rates. We apply an event study methodology in two distinct periods: between January 2000 and August 2003, right after the implementation of the inflation...
Persistent link: https://www.econbiz.de/10009023352
Recorremos à teoria do canal do crédito para avaliar a integração de uma pequena economia, com instabilidade nominal, numa união monetária desenhada para garantir um elevado nível de estabilidade monetária. Conclui-se que o choque estrutural da integração na união monetária pode...
Persistent link: https://www.econbiz.de/10005018106
Persistent link: https://www.econbiz.de/10001625851
Persistent link: https://www.econbiz.de/10001156408