The new Basel II Capital Accord has demanded a lot of attention from regulatory and regulated entities due to its innovations in determining capital requirements, particularly in the area of credit risk. This paper simulates the application of Basel II IRB foundation approach for the computation...

This study proposes a new methodology called Canonical FAVAR that incorporates the canonical correlation analysis in the estimation of two-step FAVAR models to obtain more appropriate factors for forecasting. The canonical correlation technique identifies a small number of linear combinations of...

We discuss four different concepts of feminization of poverty and analyze household survey data to verify if there is an undergoing feminization of poverty in eight Latin American countries, according to each of these concepts. We also verify if our results are sensible to changes in values of...

The main concern of this paper is investigated if the Latin American exports is explain for monopolist competition with increasing returns or oligopoly competition with reciprocal dumping. For this propose we used gravitational equation for Latin-American exports for differentiated and...

The main objective of this paper is to find an alternative way of estimation of the probabilities of devalutation instead of the traditional method Logit. The methodology is based on Olivier Jeanne (1997) and several articles of Svensson and Rose. Logit models have certain degree of subjectivity...

The economic literature contains extensive discussions on relationship between foreign constraints and economic growth. Since the beginning of the 1990's one debate concentrates on the nature of macroeconomic policies to expand domestic demand in Brazil in an environment of capital flows...

Along the Brazilian transition to capitalism (1888-1930) the "gaúcho" state and society created the bourgeois state and therefore were able to develop the foundations of the "Brazilian developmental state". These phenomena were never recognized because the history of the meridional society was...

Following Furtuoso and Guilhoto (2003) the GDP of the Brazilian Agribusiness is estimated to be around 27% of the Brazilian GDP in 2000, and the latest numbers show that it could be reaching 30% of the Brazilian GDP in 2003. Despite its importance for the Brazilian economy as a whole, the size...

In the last years different alternative methods have been used to evaluate the results of the International Monetary Fund (IMF) stabilization programs. The most popular method is also the one that presents more problem of reliability of the estimates. The most sophisticated methods are the ones...