The paper presents results of empirical tests with hybrid nominal exchange rate models for the Brazilian foreign exchange market, using macroeconomic and market microstructure variables. The basic model was originally proposed and tested in the German (DM/US$) and the Japanese (Y/US$) foreign...

The study assesses whether incorporating macroeconomic variables and characteristics of the credit portfolio improves the specification of models designed to identify management discretion in making loan loss provisions by banks, considering the norms issued by regulatory agencies. The empirical...

The paper describes the specification, estimation, and testing of an unrestricted structural econometric model design to explain and forecast individual returns of securities listed on the Brazilian stock market. The model's explanatory variables include macroeconomic, fundamental and...