Browsing Produção Intelectual em Bases Externas by Subject "Câmbio"
Now showing items 1-12 of 12
-
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 ... -
Crise cambial: riscos e oportunidades
2003-10-03A análise das semelhanças e diferenças entre a crise cambial de 1999 e a iniciada no segundo semestre de 2002 pode resultarem uma ferramenta preciosa para a identificação dos riscos e das oportunidades que se seguirão a ... -
Crises financeiras nos anos 1990 e poupança externa
2008-12-01Contrary to what conventional economic analysis afirms, the main cause of the financial crises in emerging countries during the 1990s, beginning with Mexico (1994) and ending with the crisis in Argentina (2001) was not ... -
The Dutch disease and its neutralization: a Ricardian approach
2008-03-01The Dutch disease is a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non ... -
On the essentiality of banks
2011-08We compare allocations sustained by credit with allocations sustained by bank notes (inside money) in a search model with decentralized trade and limited monitoring. We demonstrate that there exists a credit arrangement ... -
As reservas e o caso de bandas múltiplas
1995-04-01The paper addresses the issue of frequent government interventions in the exchange rate market in the attempt to stabilize the exchange rate. The problem is reduced to a simple comparison between two regimes. In the first ... -
Stationarity without degeneracy in a model of commodity money
2010-05We develop a model of macroeconomic heterogeneity inspired by the Kiyotaki-Wright (J Polit Econ 97:924-954, 1989) formulation of commodity money, with the addition of linear utility and idiosyncratic shocks to savings. We ... -
Taxa de câmbio, poupança e produtividade: impactos de curto e longo prazo
2011-08-01The objective of this paper is to analyze, from a theoretical point of view, the relation between real exchange rates and economic development. The main hypothesis is very much in line with the Dutch disease literature and ... -
Time-dependent or state-dependent pricing?: evidence from a large devaluation
2016-11-01State-dependent and time-dependent price setting models yield distinct implications for how frequency and magnitude of price changes react to shocks. This note studies pricing behavior in Brazil following the large devaluation ...
