Portuguese Abstract: Esse trabalho estuda os efeitos da introdução de uma nova legislação voltada para empresas estatais no Brasil. Particularmente, analisa se essa nova legislação, ao promover ganhos de governança corporativa, leva à redução da percepção de riscos na administração...

The main goal of this paper is to assess the effectiveness of government spending policy in Brazil through the impact of fiscal stimuli on output. With a sample spanning from 1997 to 2018, the paper scrutinizes the estimations controlling the state of the economy, nonlinearity approach, and the...

We investigate the role of financial dollarization in the determination of real interest rates in emerging economies. In a simple analytical model, we show that a strategy of ""dedollarizing"" the economy, if it fails to address fundamental macroeconomic risks, leads to higher domestic real...

We investigate the role of financial dollarization in the determination of real interest rates in emerging economies. In a simple analytical model, we show that a strategy of de-dollarizing the economy, if it fails to address fundamental macroeconomic risks, leads to higher domestic real...

This paper examines how monetary policy decisions in Brazil, regarding short term interest rates, have affected the term structure of interest rates. We apply an event study methodology in two distinct periods: between January 2000 and August 2003, right after the implementation of the inflation...