Similar Search Results

Is Brazil Different? Risk, Dollarization, and Interest Rates in Emerging Markets

Gonçalves, Fernando M. - 2015

the effect is small after controlling for the risks of dilution and default. Brazil provides a natural case study given … high interest rate levels in the aftermath of Brazil's 1994 inflation stabilization. However, since the adoption in 1999 of … inflation targeting and floating exchange rates, Brazil's real interest rates are gradually converging to the model's predicted …

Persistent link: https://www.econbiz.de/10012750279

Is Brazil Different? : Risk, Dollarization, and Interest Rates in Emerging Markets

GonÃalves, Fernando M. - 2008

. THE "MYSTERY" OF HIGH INTEREST RATES IN BRAZIL -- VI. CONCLUSIONS -- APPENDIX: DATA SOURCES AND PROCEDURES -- REFERENCES …

Persistent link: https://www.econbiz.de/10012682151

Systemic Risk, Dollarization, and Interest Rates in Emerging Markets

Bacha, Edmar L.; Holland, Márcio; Gonçalves, Fernando M. - 2009

This study investigates the impact of systemic risks and financial dollarization on real interest rates in emerging economies. Higher systemic risks induce both higher real interest rates and increased dollarization. Using appropriate instruments for the dollarization ratio, the study overcomes...

Persistent link: https://www.econbiz.de/10012561553

Is Brazil different? : risk, dollarization and interest rates in emerging markets

Bacha, Edmar L.; Holland, Márcio; Gonçalves, Fernando M. - 2007

Persistent link: https://www.econbiz.de/10003629662

Systemic risk, dollarization, and interest rates in emerging markets : a panel-based approach

Bacha, Edmar Lisboa; Holland, Márcio; Gonçalves, … - In: The World Bank economic review 23 (2009) 1, pp. 101-117

Persistent link: https://www.econbiz.de/10015160291

A panel-data analysis of interest rates and dollarization in Brazil

Bacha, Edmar Lisboa; Holland, Márcio; Gonçalves, … - In: Revista brasileira de economia : RBE ; revista da … 63 (2009) 4, pp. 341-360

Persistent link: https://www.econbiz.de/10003967745

Why are policy real interest rates so high in Brazil? : an analysis of the determinants of the Central Bank of Brazil's real interest rate

Balliester Reis, Thereza - 2016

This paper discusses the reasons for Brazil.s high policy real interest rates by considering two opposing views, the … level of the policy rate in Brazil. The aim of this study is to assess whether the proposed arguments can be supported when … might be political causes of the high real interest rates in Brazil such as a politically influential rentier class. …

Persistent link: https://www.econbiz.de/10011573453

Why are policy real interest rates so high in Brazil? : an analysis of the determinants of the Central Bank of Brazil’s real interest rate

Balliester Reis, Thereza - In: International journal of political economy : a journal … 47 (2018) 2, pp. 178-198

Persistent link: https://www.econbiz.de/10012205908

Why do Indian firms borrow in foreign currency?

Pradhan, Ashis Kumar; Hiremath, Gourishankar S. - In: Margin: the journal of applied economic research 14 (2020) 2, pp. 191-211

Persistent link: https://www.econbiz.de/10012229768

Emerging Market Economies and the World Interest Rate

Buyukkarabacak, Berrak - 2016

We use a Factor Augmented VAR model to estimate the dynamic responses of interest rates in emerging market economies to the 'world' interest rate, which we extract from a dynamic factor model of yields in industrialized countries. Our results provide evidence that many emerging market yields...

Persistent link: https://www.econbiz.de/10013006225