The objective of this is study is to assert the role of domestic financial system as mitigating of sudden stops episodes and driver of capital flows in a group of 14 emerging economies in the period of 1999-2013, especially in face of unfavorable external environment such as high international...

With data from the Household Budget Survey of 2008-2009, the study investigates the demographic and socioeconomic determinants of saving rate of Brazilian families in the recent past. The main results are consistent with the predictions of the theory of life / permanent income cycle, properly...

The paper investigates the demographic and socioeconomic determinants of aggregate savings rate of Brazilian families in the recent past. The main results are consistent with the predictions of the theory of the cycle of life/permanent income, properly extended to incorporate institutional and...

It is almost a consensus that the ongoing transformations in the Brazilian demographic structure press for urgent changes in the current social security rules as the objective of guaranteeing the actuarial balance of the national pension system. It is therefore important to predict the impact of...

The financial account of the balance of payments aggregates a set of heterogeneous flows, with marked differences in terms of purpose, risk, maturity and liquidity. With this perspective, the paper analyzes the factors that explain comparatively extreme events occurred in the flows of the three...

The Household Budget Survey from IBGE is the only source of microeconomic data on savings of Brazilian families. As this research has been carried out at intervals of at least five years, it is important to discuss and empirically assess whether the estimated models with latest lagged research...