829 research outputs found

    Rational bubbles in emerging stockmarkets

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    We detected rational bubbles in 22 emerging stockmarkets using both standard and threshold cointegration. Eighteen stockmarkets experienced explosive bubbles (and some of them periodically collapsing bubbles as well). The remaining four markets experienced periodically collapsing bubbles only.bubbles; stockmarkets; emerging markets

    Latin American foreign exchange intervention - Updated

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    We examine Latin American foreign exchange intervention in a framework where the exchange rate regime is endogenous and there exists an inefficient, equilibrium foreign exchange intervention bias. The model suggests that greater central bank independence is associated with lesser intervention in the foreign exchange market, and also with leaning-against-the-wind intervention. Both results are confirmed by data from 13 Latin American countries.foreign exchange intervention; exchange rates; Latin America

    Foreign exchange intervention and central bank independence: The Latin American experience

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    Employing data from 13 Latin American countries, we find that greater central bank independence is associated with lesser intervention in the foreign exchange market, and also with leaning-against-the-wind intervention. We also find that the structural reforms that occurred in Latin America mostly in the 1990s helped to reduce the need for foreign exchange intervention.central bank independence; foreign exchange intervention; Latin America

    Explosive and periodically collapsing bubbles in emerging stockmarkets

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    We detected bubbles in 22 emerging stockmarkets using both standard and threshold cointegration. Eighteen stockmarkets experienced explosive bubbles (and some of them periodically collapsing bubbles as well). The remaining four markets experienced periodically collapsing bubbles only.Periodically collapsing bubbles

    Impacts of a liberalization in the USA market for Frozen Concentrated Orange Juice: why Florida®s producers are so afraid?

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    This study aims at examining the resource allocation and welfare implications of the reduction of barriers in the United States market for Frozen Concentrated Orange Juice (FCOJ) imported from Brazil. The present paper is organized as follows: section 2 presents an overview of the main features of the market and current trade regime for orange juice, as well as the possible impacts of liberalization within FTAA and with the European Union; section 3 describes the partial equilibrium model of imperfect substitute goods used to estimate the impact of trade liberalization in the United States, on prices and quantities and on welfare; in section 4 two possible scenarios for liberalization are designed using the large country model. The last section summarizes the main conclusions.Commercial liberalization, reduction of trade barriers, partial equilibrium models, frozen concentrated orange juice (FCOJ)., Agribusiness, F13,

    Stockmarket comovements revisited

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    We revisit the issue of comovements of emerging and developed stockmarkets, and provide a simultaneous treatment of data for the eighties and nineties. We show that while emerging markets experience greater instability in the long term than their developed counterparts, there is room for short-term strategies to take advantage of profit opportunities in the emerging markets, especially in India.

    Multi-Objective Decision Model for Information Systems Risk

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    This short paper details a research in progress that presents a Multi-Objective Decision Model for assessing Information Systems Risks. The decision model is based on values and perceptions of stakeholders. It uses the Value Focused Thinking approach as opposed to the predominant Alternative Focused Thinking. The objectives serve as a basis for decision making pertaining to Information Systems risk management in complex managerial situations. In this paper the methodology used is presented, discussed and illustrated while developing a multi-objective decision model for Information Systems risks

    Monetary policy and the relationship between real GDP and stockmarket in the Brazilian economy

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    This paper presents favorable piece of evidence of the relationship between the Brazilian real output and its stockmarket. Neglecting this fact may jeopardize current price stability and economic growth.Economia brasileira; PIB real; Bovespa

    ENTREVISTA COM O PROFESSOR LAURO FREDERICO BARBOSA DA SILVEIRA

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    Entrevista  com o  Prof. Dr. Lauro Barbosa da Silveira, filósofo e semiólogo reconhecido por sua vasta produção nacional e internacional, o qual discorre em alguns artigos sobre seu trabalho realizado na AmazÎnia
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