The aim of the article is to analyze the relationship between a financial system and the city in which it is located. In order to do so, initially an inedited theoretical discussion regarding the analysis of the relationship between the degree of centrality of a city and the behavior of...

This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...

This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...

The big banks in Brazil shows excellent results at different macroeconomic contexts. In environments of business expansion, they expand its financial intermediation results, mainly through credit operations. In recession times, in turn, they expand their operations with government bonds as well...

The big banks in Brazil shows excellent results at different macroeconomic contexts. In environments of business expansion, they expand its financial intermediation results, mainly through credit operations. In recession times, in turn, they expand their operations with government bonds as well...

This paper attempts to extend empirical investigations about the asymmetric effects of monetary shocks in the Brazilian economy. We specify and estimate a nonlinear smooth transition vector autoregressive model including output, price level, exchange rate and a monetary policy indicator (Selic...

This article investigates the effects of monetary policy shock in the Brazilian real state market using structural VAR through the period June/2000 to August/2010. The identification is done following the agnostic procedure suggested by Uhlig (2005). The mains results are: The stock of credit to...

This article verifies the occurrence of a real estate bubble in the Brazilian economy. Overall, our results suggest the existence of a bubble in the real estate sector of the economy. The Austrian School of economics provides a solid explanation to this phenomenon, which are reinforced by...