Investment funds are key institutions for understanding the dynamics of a country's financial wealth and for analysing the interaction between wealth owners and the macroeconomic policy management. This text has three fundamental objectives: firstly, it seeks to construct a profit proxy of the...

This paper aims to present the main features of an important segment of the Brazilian financial market, the investment funds. These funds, along with insurers and pension funds, constitute the institutional investors or so-called money managers (Minsky, 1989). The arguments are organized as...

In capitalist economies, money is a strategic asset as liquidity is desirable since the future is unknown and uncertainty exists. In these economies, banks are key agents, being creators of endogenous money. And like all capitalist agents, banks make decisions in pursuit of capital valorization...

The aim of this paper is analyzing the evolution of the Brazilian credit market from 2003 to 2011 and its impact on inequality in Brazil. The arguments are organized as follows. After an introductory section, the second one presents the determinants and the general trends of the banking credit...