The paper proposes a panel model to the determinants of capital flow volatility to a group of eighteen emerging market economies (EME) in the period of 2000 to 2011. It studies the robustness of the model regarding different volatility measures; analyses several types of gross capital inflow;...

The financial account of the balance of payments aggregates a set of heterogeneous flows, with marked differences in terms of purpose, risk, maturity and liquidity. With this perspective, the paper analyzes the factors that explain comparatively extreme events occurred in the flows of the three...

The study analyses the role of institutional characteristics of a country (governance) and the domestic financial system (depth, efficiency, stability, and capital openness) in determinants of emerging market corporate bond spreads issued in international market. We propose an econometric panel...

With data from the Consumer Expenditure Survey of 2008-2209, the work assesses empirically the implications of the theory of life/permanent income for the behavior of the trajectories of consumption and savings rate of Brazilian families in the life cycle. The objective is to test the validity...

This paper analyzes the Brazilian case, the transient conditions of employment levels and income distribution in the country, using micro data from the Monthly Employment Survey (PME) produced by the Brazilian Institute of Geography and Statistics (IBGE) to assess the effects of macroeconomic...