O objetivo deste trabalho é investigar se as variáveis macroeconômicas locais e externas podem explicar o comportamento do índice da Bolsa de Valores de São Paulo (Bovespa) no período de 1995 a 2007. As variáveis macroeconômicas locais analisadas foram: índice de produção industrial,...

A verificação da eficiência do contrato futuro de açúcar é fundamental para que essa ferramenta de gerenciamento de risco seja eficaz em atender seu propósito de mitigar o risco dessas organizações que atuam no setor sucroalcooleiro. O presente trabalho avaliou a hipótese de...

The main purpose of the present article is to reflect on the relations between urban infrastructure, housing and environment through the analysis of intracity indicators georefered according to districts of the city of São Paulo. The selected variables to identify these aspects of the quality...

This study tests the relative efficiency hypothesis of future and spot sugar markets for two forecast horizons, as opposed to commodity arbitrage. It was used a noarbitrage model of Brenner and Kroner (1995) and applied the methodology of comparative tests proposed by Kellard (2002), using...

The variance of real interest rate differentials (rids) is decomposed between ex post deviations from relative purchasing power parity and uncovered interest rate parity (UIRP) for a set of emerging markets from 1995M5 to 2004M3. The results point out to nominal interest rate differentials and...

The paper presents evidence that the simultaneous relationship between uncovered interest rate parity (UIP) and a monetary policy function can explain the empirical failure of the former. Using the model proposed by McCallum (1994), we carry out tests for a sample of developed and emerging...