Browsing by Author "Holland, Márcio"

Now showing items 1-8 of 8

    • Brazilian exchange policy 

      Campos, Cesar Cunha; Snower, Dennis J.; Belluzzo, Luiz Gonzaga de Mello; Leal, Carlos Ivan Simonsen; Suplicy, Eduardo Matarazzo; Cysne, Rubens Penha; Mantega, Guido; Nakano, Yoshiaki; Bresser-Pereira, Luiz Carlos; Fonseca, Roberto Giannetti da; Pessôa, Samuel de Abreu; Holland, Márcio
      2010
      The foreign exchange model adopted by Brazil is a key factor for the stability and economic growth of the country. In this post-crisis period, marked by alterations in the exchange rate parity, concern about the direction ...

    • Can jurisdictional uncertainty and capital controls explain the high level of real interest rates in Brazil? Evidence from panel data 

      Gonçalves, Fernando M.; Holland, Márcio; Spacov, Andrei Dudus
      2007
      This paper tests the assertion, popularized by Arida et al. (2005), that risks associated with the jurisdiction and currency inconvertibility are relevant determinants of the high level of short-term real interest rates ...

    • Common currency and economic integration in Mercosul 

      Bresser-Pereira, Luiz Carlos; Holland, Márcio
      2009
      Latin America has a long history of attempts to achieve regional integration, yet success has been modest. This paper contends that this is essentially due not so much to protectionist practices in the various countries, ...

    • External debt and debt intolerance: an empirical analysis 

      Holland, Márcio
      2007-06
      The main task of this article is to assess the recent external debt dynamics and try to understand how this debt has evolved. Then, we discuss the main hypothesis associated with the well-known 'debt intolerance' approach. ...

    • External debt in developing economies: assessment and policy issues 

      Holland, Márcio
      2007
      More than one decade after the external debt restructuring (the Brady Plan), a great amount of literature has been published concerning the balance sheet factors in developing countries. The staff of international multilateral ...

    • Financial dollarization and systemic risks: new empirical evidence 

      Vieira, Fabrício de Assis C.; Holland, Márcio; Resende, Marco Flavio C.
      2012-10
      This paper explores the persistence of financial dollarization in a group of 79 economies with different levels of development. Our main hypothesis is that a high level of domestic debt combined with default risk explains ...

    • Previdência social no Brasil: propostas para uma reforma de longo prazo 

      Holland, Márcio; Malaga Butron, Guillermo Roberto Tomas
      2018-09
      Este texto tem como objetivo apresentar uma proposta para reformar o sistema previdenciário brasileiro no contexto de profunda alteração do perfil demográfico do pais e da introdução de novas tecnologias disruptivas que ...

    • Systemic risk, dollarization, and interest rates in emerging markets: a panel-based approach 

      Bacha, Edmar Lisboa; Holland, Márcio; Goncalves, Fernando Machado
      2009
      This study investigates the impact of systemic risks and financial dollarization on real interest rates in emerging economies. Higher systemic risks induce both higher real interest rates and increased dollarization. Using ...