Browsing Produção Intelectual em Bases Externas by Author "Holland, Márcio"
Now showing items 1-6 of 6
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Can jurisdictional uncertainty and capital controls explain the high level of real interest rates in Brazil? Evidence from panel data
2007This 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
2009Latin 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
2007-06The 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
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 dollarization and systemic risks: new empirical evidence
2012-10This 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 ... -
Systemic risk, dollarization, and interest rates in emerging markets: a panel-based approach
2009This 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 ...
