The purpose of this thesis is a characterization of the monetary regime followed by the Brazilian authorities during the 80's and beginning of the 90's, and its consequences for the credibility of anti-inflationary policies, the solvency condition of the government, and the power of restrictive...

This dissertation explores two subjects. The first one is the relationship between low liquidity in secondary markets for capital and the insufficient supply of long term funding for productive investment. The first chapter shows how shallow or non-existent secondary markets for capital can...