Listagem FGV EPGE - Ensaios Econômicos por Assunto "Instituições financeiras"

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    • Financial integration and public financial institutions 

      Werlang, Sérgio Ribeiro da Costa; Novaes, Walter
      1993-11
      This article highlights the problems associated with the existence of financiai institutions owned by a State which is a member of a federation. We show that these financiai institutions allow the States to transfer deficits ...

    • Inflationary bias and state owned financial institutions 

      Novaes, Walter; Werlang, Sérgio Ribeiro da Costa
      1994-06
      This article explains why the existence of state owned financial institutions makes it more difficult for a country to balance its budget. We show that states can use their financiaI institutions to transfer their deficits ...

    • A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright 

      Cavalcanti, Ricardo de Oliveira
      2003-03-24
      A model is presented in which banks accept deposits of fiat money and intermediate capital. Alt though theories about the coexistence of money and credit are inherently difficult, the model offers a simple explanation for ...