This paper analyzes the dynamics underlying a time series of the monthly average beef cattle price received by producers in the State of São Paulo (Brazil). The time series under study records monthly prices since 1954. An exploratory analysis suggested that after a period of intense government...

Brazil has recently made great strides in opening its domestic banking market to foreign participation, contrary to what one would have expected from its negotiating stance in regional and multilateral fora dealing with trade in financial services. We review the possible gains from such...

This paper is the first draft of section 2 of a long chapter on The Economy of Brazil, 1928-1980 to be included in volume 11 of the Cambridge History of Latin America edited by Leslie Bethell. The 1928-1980 chapter shall include a first section on structural change between 1928 and 1980. The...

The resumption of capital flows to developing countries in the nineties is intertwined in the Brazilian case with the attempts to achieve inflation stabilization. A very restrictive monetary policy has offered probably the world’s highest yield to fixed income investments. In the context of...