Now showing items 1-6 of 6

    • An empirical model of the Brazilian country risk - An extension of the beta country risk model 

      Andrade, Joaquim Pinto de; Teles, Vladimir Kuhl
      2006
      This paper develops a statistical model to study the Brazilian country risk using a country beta model in the spirit of Harvey and Zhou (1993), Erb et al. (1996a, b) and Gangemi et al . (2000). Specifically, the impact of ...
    • Fundamentals or market sentiment: what causes country risk? 

      Teles, Vladimir Kuhl; Leme, Maria Carolina da Silva
      2010
      The country risk indicator, as measured by the JP Morgan's EMBI or grades of rating agencies such as Standard Poor's (SP's) or Moody's, does not seem to truly reflect the fundamentals of an economy. Countries that pursue ...
    • Institutional quality and endogenous economic growth 

      Teles, Vladimir Kuhl
      2007
      Purpose - This paper seeks to investigate the relation among corruption, institutional quality and economic growth. Design/methodology/approach - It expands the Erlich and Lui (JPE) endogenous growth model. From this model, ...
    • The role of human capital in economic growth 

      Teles, Vladimir Kuhl
      2005
      This study presents stylized facts for economic growth for the second half of the 20th century, and evaluates the explanatory capacity of these facts by two of the main theoretical approaches that deal with the relation ...
    • Taylor principle and inflation stability in emerging market countries 

      Teles, Vladimir Kuhl; Zaidan, Marta Penteado
      2010-01
      The goal of this paper is to evaluate the validity of the Taylor principle for inflation control in 12 developing countries that use inflation targeting regimes: Brazil, Chile, Colombia, Hungary, Israel, Mexico, Peru, ...
    • A test for hysteresis in international trade 

      Denadai, Ricardo Sávio; Teles, Vladimir Kuhl
      2016-05
      The article suggests a new test for strong hysteresis, that is, at the macro level, in international trade. The variables that capture the effects of hysteresis are based on a theoretical model with calibrations using a ...