A Probabilistic Approach for Assessing the Significance of Contextual Variables in Nonparametric Frontier Models: an Application for Brazilian Banks [PDF]
This article presents an empirical application illustrating the use of a nonparametric frontier model relying on a probabilistic definition of the production frontier.
Geraldo da Silva e Souza +1 more
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Análise da Taxa de Câmbio a Partir do Índice de Pressão Cambial: A Experiência Brasileira de 1994 a 1999 [PDF]
Este artigo analisa a evolução da taxa de câmbio brasileira a partir da adoção da âncora cambial no Plano Real. Para tanto, construiu-se um índice de pressão cambial com base na metodologia de Eichengreen et alii (1995, 1996) que detecta não só mudanças ...
Fernando Antˆonio Ribeiro Soares +2 more
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Do Inflation-linked Bonds Contain Information about Future Inflation? [PDF]
There is a widespread belief that inflation-linked bonds are a direct source of information about inflation expectations. In this paper we address this issue by analyzing the relationship between break-even inflation (the difference between nominal and ...
José Valentim Machado Vicente +1 more
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Steady State Analysis of an Open Economy General Equilibrium Model for Brazil [PDF]
The aim of the present research is to build an open economy recursive general equilibrium model for the Brazilian economy in order to numerically assess the corresponding steady state equilibrium.
Marcelo Kfoury Muinhos +3 more
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Swaps de taxa de câmbio: precificação do coupon
RAE: Revista de Administração de Empresas, 1999 O objetivo deste artigo é demonstrar como se determina o coupon em operações de swaps de taxa de câmbio. A fim de atingir um público mais amplo e de traçar um pano de fundo para que melhor se compreendam essas operações em específico, será apresentada ...
Cristiane F. S. Pedote
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Financial Instability and Credit Constraint: Evidence from the Cost of Bank Financing [PDF]
This paper examines the relation between the degree of firms’ financial constraint and the observed rise in the cost of bank financing during the global financial crisis of 2008.
Bruno S. Martins
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The Recent Brazilian Disinflation Process and Costs [PDF]
This work revisits the recent disinflation process in Brazil and finds that solely the agents' perception that a policy rupture could occur is capable of triggering a change in the way firms and households used to behave in their pricing and consuming ...
Alexandre A. Tombini +1 more
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Exchange Rate Volatility and the Fear of Floating in Brazil [PDF]
Many emerging market economies (EMs) have adopted a floating exchange rate regime after currency crises. Since 1999 Brazil has experienced a floating regime combined with inflation targeting.
Márcio Holland
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A estrutura a termo de taxas de juros no Brasil: modelos, estimação e testes
Economia Aplicada, 2012 Neste artigo, propomos uma metodologia para a construção da estrutura a termo da taxa de juros livre de risco no Brasil, usando o modelo de Svensson para interpolação e extrapolação das curvas de juros e algoritmos genéticos, em complemento aos ...
Sergio L. Franklin Jr. +3 more
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