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;...

This study investigates the determinants of the great difference between winning bids and reserve prices in the transmission electricity sector in Brazil between 1999- 2010, through an econometric approach based on Heckman (1979) that considers the heterogeneous among the winner's and loser’s...

The study analyses, through a panel data model, the determinants of the net capital flow (the net sum of direct investment, portfolio investment, financial derivatives and other investment) and its volatility for a group of nineteen emerging economies in the period of 1980-2011 and suggests a...

The objective of this paper is to analyze the role of fiscal policy in the determinants of the sovereign spreads of a group of 23 emerging market countries in the period 1995-2008 focusing on two matters: i) fiscal policy sustainability, known as the accumulation of primary budget surplus, that...

Depois do crescimento acelerado e continuo dos anos 70, a economia brasileira passou, na decada seguinte, por um periodo de grande instabilidade na sua taxa anual de crescimento. Este artigo investiga em que medida os periodos de estagnacao e expansao da economia do pais podem ser explicados por...

Este trabalho tem por objetivo identificar alguns dos determinantes de longo prazo da taxa de cambio real brasileira para o periodo 1947/95. O modelo teorico sugere que as variaveis relevantes sao a taxa de cambio real, a divida externa e as exportacoes liquidas. O modelo empirico, utilizando...