Conselho Monetário, Banco Central e Tesouro : origens e evolução -- Uma relação delicada : quadro legal e institucional -- A Lei 11,803/08 e a expansão do balanço do Banco Central -- Usos e abusos da conta única, das compromissadas e das reservas cambiais -- Mudança de regime fiscal no...

This paper aims to examine the evolution of currency risk exposure of Brazilian corporations, especially exporting companies, from the 2008 crisis, when several companies suffered substantial losses due to the decline of the real. We analyze their financial based on the usage of derivatives, as...

This paper aims to examine the evolution of currency risk exposure of Brazilian corporations, especially exporting companies, from the 2008 crisis, when several companies suffered substantial losses due to the decline of the real. We analyze their financial based on the usage of derivatives, as...

This paper aims to show that the fiscal and monetary counter-cyclical actions implemented by Brazilian government after the financial crisis were frugal: the monetary policy was late and slowly slackened and the fiscal policy sustain a primary surplus budget, in the opposite direction of much...