Jinjarak, Y; Noy, I; Zheng, H - School of Economics and Finance, Victoria Business School - 2012
, and Brazil. We focus on the case of Brazil, a country that instituted five changes in its capital account regime in 2008 … construct counterfactuals (i.e., Brazil with no capital account policy change) for each policy change event. We find no evidence … they broadcast regarding the government’s larger intentions and sensibilities. Brazil’s left-of-center government was …