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...

We analyze the impact of the controls and restrictions on capital inflows that Brazil has adopted since late 2009. We document that these measures had some success in segmenting the Brazilian and global financial markets, as measured by wedges between onshore and offshore prices of similar fixed...

Brazil has been one of the most active country in intervening in FX markets though several forms: sterilized interventions and foreign reserves accumulation, controls on capital inflows and FX interventions through domestic derivatives markets. During the golden phase of the commodity super-boom...