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Persistent link: https://www.econbiz.de/10009629278
This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....
Persistent link: https://www.econbiz.de/10009314554
In this article, we analyze the efficiency of Brazilian local legislative branches using the nonparametric estimator FDH (Free Disposal Hull). At the regional level, the results show high concentration of local legislative branches in the south. In addition, among the inefficient local...
Persistent link: https://www.econbiz.de/10010330690
In this article, we analyze the efficiency of Brazilian local legislative branches using the nonparametric estimator FDH (Free Disposal Hull). At the regional level, the results show high concentration of local legislative branches in the south. In addition, among the inefficient local...
Persistent link: https://www.econbiz.de/10003965841
We thoroughly describe the workings of the Brazilian interbank exchange rate market: agents, products, regulation, operation and risks. We analyse the recent evolution of the exchange rate market and came to a negative evaluation of the current exchange rate trading system, thereby suggesting an...
Persistent link: https://www.econbiz.de/10011807334
This paper aims to estimate the equilibrium real exchange rate for the Brazilian economy. The equilibrium exchange rate is defined as the level of exchange that guarantees that the net foreign asset position is stable over time. An econometric model is estimated using cointegration techniques....
Persistent link: https://www.econbiz.de/10010330875
Persistent link: https://www.econbiz.de/10002081537
Persistent link: https://www.econbiz.de/10003220905
Routes of the Brazilian financial liberalization. This paper describes the most recent change in the rules of domestic exchange market and emphasizes/explores their consequences to Brazilian macroeconomic. (Rev Econ Polít/GIGA)
Persistent link: https://www.econbiz.de/10003360010
Persistent link: https://www.econbiz.de/10001635272