Now showing items 1-20 of 28

    • Ajustamento da taxa de câmbio após a crise cambial 

      Leme, Maria Carolina da Silva
      2001
      The objective of this project is to investigate the adjustment of the exchange rate during the transition from a fixed exchange rate regime with appreciated real exchange rate to a floating exchange rate regime. We will ...
    • Aspectos contábeis-financeiros da conversão da dívida externa em investimento: estudo de casos 

      Carvalho, Fatima Alves de
      1989-09
      The objective of the exploratory study was to investigate the financial accounting aspects related to the capitalization process of enterprises through resources proceeding from the Brazilian foreign debt equity conversion ...
    • Co-ordination failure, moral hazard and sovereign bankruptcy procedures 

      Miller, M. H.; Ghosal, Sayantan
      2002-09-02
      We study a model of sovereign debt crisis that combines problems of creditor coordination and debtor moral hazard. Solving the sovereign debtor's incentives leads to excessive 'rollover failure' by creditors when sovereign ...
    • Credit ratings and government bonds: evidence before, during and after the european debt crisis 

      Coelho, Miguel de Campos Pinto
      2016-01-18
      Neste projeto, investigamos se as agências de rating e as taxas de juro de longo prazo da dívida soberana tiveram uma influência recíproca antes, durante e após a crise da dívida soberana Europeia. Esta análise é ...
    • Debt and default in a growth model 

      Guimarães, Bernardo de Vasconcellos
      2006-08-11
      This paper presents a small open economy model with capital accumulation and without commitment to repay debt. The optimal debt contract specifies debt relief following bad shocks and debt increase following good shocks ...
    • Deságio e renegociação 

      Cysne, Rubens Penha
      1987-09-21
    • Does rollover risk matter in quantitative sovereign default models? 

      Lima, Lucas Tumkus de
      2020-03-12
      Em teoria, falhas de coordenação entre agentes podem levar países a não repagarem dívidas soberanas outrora contraídas. A presente dissertação busca compreender se este mecanismo é de fato importante para determinação do ...
    • Dual resource transfers and interruption in external debt service 

      Bevilaqua, Afonso S.
      1996-04-18
      Externai debt service requires a dual resource transfer. Trade surpluses have to be generated in order to make foreign exchange revenues available for debt repayment. In addition, with developing countries' externai debt ...
    • The Eaton-Gersovitz-Arellano environment with collateral 

      Guinsburg, Pedro Vaissman
      2014-04-30
      In this article I introduce collateralization in the Eaton-Gersovitz-Arellano environment. In my paper, collateral can be understood as Foreign Direct Investment. I find that collateral increases the equilibrium levels of ...
    • Ensaios em dívida soberana 

      Delfino, Denísio Augusto Liberato
      2012-06-22
      The aim of this dissertation is to collaborate with the international finance literature, addressing the debate on the 'acceptable' sovereign debt limits debt, as well as addressing on debt denomination in the international ...
    • Ensaios sobre o papel da taxa de câmbio no desenvolvimento 

      Rocha, Marcos Aurélio Andrade
      2012-05-29
      This work consists of three parts. The first chapter assesses the possibility of “savings displacement”. According to Bresser-Pereira and Nakano (2003), there is in emerging economies a high rate of substitution of foreign ...
    • Essays on sovereign debt crisis 

      Curado, Thiago Luiz
      2019-07-19
      This thesis studies novel elements that can affect sovereign debt and default decisions, taking into account the interplays between such factors and indebtedness dynamics. The first chapter studies how a surge in sovereign ...
    • 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 disruption as a cost of sovereign default 

      Diniz, André Sander
      2014-01-24
      Este trabalho analisa de forma quantitativa os custos para a economia de um default soberano, num modelo onde bancos comprados em d´ıvida tˆem um papel central na intermedia¸c˜ao financeira para os investimentos do setor ...
    • IMF Seniority as a compromise for affordable debt 

      Magalhães, Paula Karine Ribas
      2017-05-11
      Este artigo trata do papel do Fundo Monetário Internacional como um agente sênior, fato observado empiricamente. Um agente soberano sujeito a um choque estocástico deve tomar emprestado para suavizar seu consumo. O mercado ...
    • Impacto do IOF sobre composição de dívida e investimento das empresas brasileiras 

      Siqueira, Melanie Mendonça Cavichini
      2013-10-04
      Este trabalho investiga como os controles de capitais praticados no Brasil através da imposição do Imposto sobre Operações Financeiras (IOF) sobre empréstimos externos em 2011 e 2012 afetaram decisões em âmbito financeiro ...
    • Information asymmetry and debt sustainability 

      Leite, João Pedro Rudge
      2019-04-24
      Bulow and Rogoff (1989) proved that, in a competitive financial market, the threat of credit exclusion alone cannot sustain repayment of sovereign debt, as the defaulting government can still enter cash-in-advance insurance ...
    • The LDC debt problem: a game-theoretical analisys 

      Simonsen, Mario Henrique; Werlang, Sérgio Ribeiro da Costa
      1989
      We review the LDC debt crisis since 1982, by means of game theory. New insights are obtained into the reasons behind the formation of the creditors' carte1 and the nature of the difficu1ties invo1ved in the formation of ...
    • Um modelo sobre as condicionalidades do FMI: ex-ante ou ex-post? 

      Iazdi, Oz Solon Chovghi
      2013-05-17
      As linhas de crédito concedidas pelo FMI em casos de crises de liquidez diferem quanto às condições impostas aos credores. Em alguns casos, os recursos são emprestados sem a imposição de condições a serem cumpridas pelo ...