Contrasta a técnica empregada pelas autoridades reguladoras do mercado de correspondentes com a prática contratual estabelecida nesse mercado pelas instituições autorizadas a funcionar pelo Banco Central do Brasil (BCB). Conclui que o efetivo alcance dos objetivos da regulação mostra-se...

This article implements the minimum variance frontier for the stochastic discount factor, according to both Hansen and Jagannathan (1991) and Cochrane and Hansen (1992), for the Brazilian stock market. Two approaches are considered in terms of equity returns and equity premium, respectively, the...

This paper reports the results from a contingent valuation study designed to investigate the influence of warm glow in willingness-to-pay responses. Interindividual differences in warm glow motivation are measured through a factor analysis, performed on a list of attitudinal items. The reported...

This paper examines the determinants of unemployment duration in a competing risks framework with two destination states, namely, inactivity and employment. The major innovation is our recognition of defective risks. We first use a polynomial hazard function to test for the presence of...