Now showing items 1-8 of 8

    • Alternative banking: theory and evidence from Europe 

      Mettenheim, Kurt von; Butzbach, Olivier
      2012-12-01
      Since financial liberalization in the 1980s, non-profit maximizing, stakeholder-oriented banks have outperformed private banks in Europe. This article draws on empirical research, banking theory and theories of the firm ...
    • Choques cambiais, política monetária e equilíbrio externo da economia brasileira em um ambiente de hysteresis 

      Teles, Vladimir Kühl
      2005-09-01
      The concept of hysteresis suggests that a shock on exchange rate change the foreign equilibrium of the economy. In that context, the experience of the fluctuations of the Brazilian case from the Real Plan is examined, ...
    • O comunicado do Banco Central 

      Cabral, Rodolfo Arruda; Guimarães, Bernardo de Vasconcellos
      2015-09-01
      This paper studies how the Brazilian Central Bank's statements about its monetary policy decision affect asset prices. The qualitative content of each note is translated into an ordered scale. The statement contains ...
    • Fiscal costs of monetary policy: indirect effects of an interest rate shock on Brazilian public net debt 

      Carvalho, Laura; Diniz, André; Pedrosa, Ítalo; Rossi, Pedro
      2016-09-01
      The paper estimates the fiscal cost of an increase in the Brazilian policy interest rate - the SELIC - by considering not only the direct effect on the yield of public bonds that are indexed to the SELIC, but also indirect ...
    • Metas inflacionárias: a análise convencional e um modelo alternativo 

      Lima, Luiz Antônio de Oliveira
      2008-06-01
      Inflation targeting: the conventional analysis and an alternative model. This article has two aims: the first one is to present a formal model of the monetary policy identified generally as inflation targeting policy, an ...
    • Uma proposta esquecida - o Bancor 

      Fobe, Nicole Julie
      2014-12-01
      This paper approaches the field of monetary law and monetary policy, specifically regarding the Keynes' International Clearing Union proposal in the Bretton Woods economic and political context. It also describes and deepens ...
    • O que a política industrial pode aprender com a política monetária? 

      Schapiro, Mario Gomes
      2013-07-01
      A number of evidence suggests a renewing of national states' interest in acting upon their economies. In Brazil, three new industrial policies were implemented starting in 2003, in addition to the regulatory policies ...
    • A taxa de juros natural e a regra de Taylor no Brasil: 2003-2015 

      Barbosa, Fernando de Holanda; Camêlo, Felipe Diogo; João, Igor Custodio
      2016-12-01
      This paper estimates the natural rate and the Taylor Rule for the Brazilian economy from 2003 to 2015. The natural rate in a small open economy is equal to the international real rate of interest, adjusted for the premium ...