O Brasil vive atualmente duas graves crises interligadas. A primeira é a crise política, que pode ser resolvida por um novo entendimento político ou se arrastar até as próximas eleições. A crise econômica também será longa, ...

Capital flow volatility is one of the most pressing financial problems facing developing and emerging economies. These countries expect steady and reliable inflows to promote investment in fixed capital and to help to ...

This paper defines 'balance of payments dominance' as a macroeconomic regime in which the short-term macroeconomic dynamics is essentially determined by external shocks, positive or negative. It argues that this is the ...

It has been more than four years since the onset of the financial crisis and the accompanying Great Recession in the US and much of the developed world. Over that period, and after many rounds of intervention by governments ...

This note addresses the question 'To what extent financial regulation in Brazil was effective in neutralizing the tendency to the overvaluation of the exchange rate in Brazil since the 1994 Real Plan?' Aiming at answering ...

The aim of this talk is text summarizing the current debate about the role of the Brazilian economy in the global context, particularly if Brazil can prevent the risk of facing the so-called 'Dutch disease'. There is ...

The question posed by Theme 4 of this workshop is indeed a very broad one and would demand a thorough research on the topics involved. I am afraid I did not have the proper time to think it over and I would not be able to ...

A crise financeira do subprime e o colapso do sistema financeiro, com a quebra do Lehman Brothers no terceiro trimestre de 2008, desencadeou um fenômeno com múltiplas dimensões e distinto da crise financeira em si, chamado ...

This paper will begin with a quick overview of the causes of the Global Financial Crisis (GFC) that began in 2007. There were many contributing factors but among the most important were rising inequality and stagnant incomes ...