Browsing by Subject "Dívida externa"
Now showing items 1-20 of 28
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Ajustamento da taxa de câmbio após a crise cambial
2001The 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
1989-09The 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
2002-09-02We 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
2016-01-18Neste 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
2006-08-11This 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
1987-09-21 -
Does rollover risk matter in quantitative sovereign default models?
2020-03-12Em 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
1996-04-18Externai 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
2014-04-30In 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
2012-06-22The 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
2012-05-29This 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
2019-07-19This 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
2007More 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
2014-01-24Este 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
2017-05-11Este 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
2013-10-04Este 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
2019-04-24Bulow 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
1989We 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?
2013-05-17As 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 ...
