Exchange Rate Crisis
Mostrando 1-12 de 21 artigos, teses e dissertações.
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1. Institutions, credibility and crisis: the inconsistencies of Argentine exchange rate policy (1991-2006)
Este artigo tem dois objetivos. O primeiro é explicar as inconsistências do regime de conversibilidade que levaram à crise de 2001. O argumento sugere que os requisitos de credibilidade para a convertibilidade induziram uma dinâmica de compromissos jurídicos, fiscais, financeiros e externos que aumentaram os custos de saída e inconsistências de tempo.
Brazil. J. Polit. Econ.. Publicado em: 2015-03
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2. A crise norte-americana do subprime: medindo o contágio para os BRICS / The North-American subprime crisis: measuring contagion to the BRICs
Uma característica marcante da recente crise financeira que ocorreu entre 2007 e 2009, conhecida como \"A Crise do Subprime\", foi quão rapidamente se propagou por todo o mundo. Entretanto, a maior parte da evidência empírica até o presente momento mostra que no início da crise (jun/07 - ago/08) a resposta das economias emergentes foi limitada. Este tr
IBICT - Instituto Brasileiro de Informação em Ciência e Tecnologia. Publicado em: 15/08/2011
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3. Metas de inflação, taxa de câmbio real e crise externa num modelo kaleckiano
Inflation target, real exchange rate and external crisis in a Kaleckian model. Which role should the real exchange rate play in an inflation target regime? In this paper this point is discussed from the point of view of the conditions required for avoiding an external crisis. With this objective, a dynamic Kaleckian model is presented focusing on the stabili
Brazilian Journal of Political Economy. Publicado em: 2011-12
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4. EXTRACTING COMMON FACTORS AMONG EXCHANGE RATE REAL/DOLLAR, EMERGENT MARKET BOND INDEX+BRAZIL AND IBOVESPA, VIA FILTRO DE KALMAN / EXTRAÇÃO DE FATOR COMUM ENTRE AS VOLATILIDADES DOS RETORNOS DA TAXA DE CÂMBIO REAL/DÓLAR, RISCO-PAÍS E IBOVESPA VIA FILTRO DE KALMAN
Historically, financial variables¿ volatilities are drastically affected during economical crisis periods. In particular, this statement is valid for the exchange rate between brazilian and north american currencies, the São Paulo Stock Exchange Index (Ibovespa) and the Emerging Market Bond Index + Brazil, usually interpreted as a measure of brazilian sove
Publicado em: 2010
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5. Gestão de riscos e governança corporativa: impacto da crise financeira de 2008 em duas companhias do setor alimentício.
Corporate Governance can be understood as the ability of the companies to achieve the strategic goals involving the aspects related to the investors relationship, to the company management structure, to the mechanisms for risk management, and to the transparency. During the crisis of 2008, several Brazilian companies have accumulated losses worth billions, a
Publicado em: 2010
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6. Price setting and macroeconomic variables: evidence from Brazilian CPI
This thesis investigates price-setting in a variable macroeconomic environment using a unique data set from the Brazilian CPI index of Fundação Getulio Vargas. The primary data consist of a panel of individual prices for goods and services covering 100% of the CPI for the 1996-2008 period. During this period a number of important events produced substantia
Publicado em: 14/08/2009
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7. Do populismo às bandas cambiais: a evolução da política cambial no Chile de 1970 a 1999
We discuss in this paper the evolution of exchange rate policy in Chile since the seventies, with special attention to overvaluation and undervaluation cycles. Following a recent literature that argues in favor of competitive currencies as part of a development strategy, we argue that the Chilean exchange rate policy in the years that go from 1984 until 1999
Brazilian Journal of Political Economy. Publicado em: 2009-09
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8. Crises financeira nos anos 1990 e poupança externa
Differently of what says conventional economic analysis, the cause of the 1990s financial crises in Mexico, Asia, Brazil and Argentina was not primarily fiscal, but the decision of governments to grow with foreign savings, i.e., with current account deficits. These were balance of payment crises triggered by a overvalued local currency and the high level of
Publicado em: 23/12/2008
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9. Uma análise da estratégia nacional de desenvolvimento da Malásia
This paper aims at studying Malaysia's national development strategy in the last three decades. Firstly, we will give emphasis to the country's economic planning development, its medium-term and long-term plans, as well as Mahathir's political influence. Secondly, we will try to identify key elements in the Malaysian growth process, such as its exchange rate
Brazilian Journal of Political Economy. Publicado em: 2008-12
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10. RETURNS TO CARRY TRADE IN FIXED EXCHANGE RATES REGIMES / RETORNOS DE ESPECULAÇÕES CAMBIAIS EM REGIMES DE CÂMBIO CONTROLADO
The failure of uncovered interest rate parity is almost unanimous in the literature. The consequence is the existence of predictable excess returns to currency speculation. This paper documents the returns to the carry trade strategy in fixed exchange rate regimes in a set of episodes. Empirical documentation shows not only that these regimes end in abrupt d
Publicado em: 2008
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11. Exchange rate, interest rate and prices in the Brazilian system of inflation targets / Taxa de câmbio, taxa de juros e preços no regime brasileiro de metas de inflação
The deployment of a new system of monetary policy at the end of the decade of 1990 meant major changes in policy to combat inflation in Brazil. By the year 1999 monetary policy was restrictive, with an exchange rate that could be valued. After July 1999, the Central Bank started to have only one goal: to keep inflation under control, for that, it had as only
Publicado em: 2008
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12. National exchange rate policies and international debt crises: how Brazil did not follow Argentina into a default in 2001-2002
This paper examines how exchange rate policies and IMF Stand-By Arrangements affect debt crises using econometrics and a comparison between Argentina and Brazil. It refines an existing diagram outlining crisis development to propose crisis prevention strategies. Flexible exchange rate policies reduce a country's probability of default by over 4%, but Stand-B
Brazilian Journal of Political Economy. Publicado em: 2007