This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 2004 and the third trimester of 2012, by applying the new Jeanne e Rancière (2011) framework, using different scenarios. The estimates of the optimal holdings of this asset are calculated...

This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and the same trimester of 2008, by applying the Jeanne e Ranciére (2006) framework, using different scenarios. We also estimate the fiscal costs of holding this asset, as well as the...

The literature of international economy recognizes the importance of political factors over the national economy's performance and over the likelihood of external crises. Some recent studies analyze the impact of these factors over the financial crises and speculative attacks, but little has...

This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 1998 and the same trimester of 2008, by applying the Jeanne e Ranciére (2006) framework, using different scenarios. We also estimate the fiscal costs of holding this asset, as well as the...

This paper shows estimates of the optimal level of foreign reserves for Brazil between the first quarter of 2004 and the third trimester of 2012, by applying the new Jeanne e Rancière (2011) framework, using different scenarios. The estimates of the optimal holdings of this asset are calculated...

Dividend policy behaviour of corporations is significantly different from country for country. Although dividend policy has attracted a great deal of research, it is not satisfactory explained why corporations distribute a portion of their earnings as dividends or why investors pay attention to...

The article follows concepts from the field of International Political Economy (IPE). Its objective is to analyze the evolution of economic relations between China and countries in Latin America and the Caribbean (LAC), especially in the context of the Belt and Road Initiative (BRI), or New Silk...

The present article analyzes the recent expansion of the Belt and Road Initiative (BRI) in Latin America and the Caribbean (LAC). The study is justified by the noticeable increase and diversification of economic relations between the region and China in recent years. The advance of the BRI in...

The general objective of this study is to analyze the perspectives and the general framework of Sino-brazilian economic relations. Initially, it was sought to understand the determinants and implications of China's internationalization trajectory and its geoeconomic projection, whose...

Over the past decade, Brazil has launched a foreign policy that has revealed its aim to broaden its influence in the design of the global multilateral architecture, and increase both its presence in UN peace operations and its cooperation in the development of low-income countries (LICs) in...