Foreign Capital Flows
Mostrando 1-12 de 13 artigos, teses e dissertações.
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1. Foreign portfolio capital flows and stock returns: a study of Brazilian listed firms
Resumo Este estudo analisou o efeito dos fluxos de capital de portfólio nos retornos das ações de empresas brasileiras listadas em bolsa através de um modelo APT (Arbitrage Pricing Theory), no qual foi adicionado um fator de risco para os fluxos de capital de portfólio. Em uma análise agregada, o efeito parcial do fluxo de capital de portfólio no reto
Estud. Econ.. Publicado em: 2015-12
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2. The foreign capital flows and the behavior of stock prices at BM&FBovespa
The main purpose of this article is to investigate alternative explanations for the impact of foreign capital flows on Ibovespa returns, including: trend chasing, information contribution and mutual feedback. Daily data of the period between 2005 and 2012 are analyzed using simultaneous equation models which are estimated by ordinary least squares (OLS). Sev
BAR, Braz. Adm. Rev.. Publicado em: 2014-03
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3. The "hot money" phenomenon in Brazil
Because of its high interest rates, Brazil attracts more and more speculative capital flows, called "hot money", under the form of foreign loans, direct or portfolio investments. Actually, the country is directly involved in a carry-trade strategy that tends to appreciate the real, what penalizes the Brazilian exportations of manufactured products. Moreover,
Brazil. J. Polit. Econ.. Publicado em: 2012-09
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4. Crescimento e industrialização no Brasil: uma interpretação à luz das propostas de Kaldor
Growth and industrialization in Brazil. In this paper, based on the writings of Kaldor and his followers, we compare two phases of Brazilian economic growth, one showing fast growth rate and other with lack of growth. Our aim is to analyze the Brazilian economic behavior in the last 40 years, pointing out economic policy intervention, structural change, fore
Brazilian Journal of Political Economy. Publicado em: 2011-03
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5. O acúmulo de resevas internacionais como determinante do fluxo de capitais estrangeiro
Este trabalho tem por objetivo analisar a relação entre o acúmulo de reservas internacionais e o fluxo de capital estrangeiro. É proposto um modelo teórico com economia aberta com dois períodos buscando inserir essas variáveis, tendo como resultado da maximização dos agentes que o acúmulo de reservas internacionais é um dos determinantes da oferta
Publicado em: 2011
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6. FLUXOS DE CAPITAIS E CRESCIMENTO ECONÔMICO: O PAPEL DO APROFUNDAMENTO FINANCEIRO E O CANAL DO CÂMBIO / CAPITAL FLOWS AND ECONOMIC GROWTH: THE ROLE OF FINANCIAL DEPTH AND THE EXCHANGE RATE CHANNEL
The objective of this paper is to investigate empirically a possible causal relation between capital flows (and financial openess in a widely fashion) and long run economic growth. With a sample of 70 countries in the period ranging from 1970 to 2004 we estimated econometric panels to test for the presence of a productivity growth enhancing effect of higher
Publicado em: 2008
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7. Volatilidade da conta financeira do balanço de pagamentos: os casos do Brasil, México, Argentina e Chile
The main purpose of this essay is to analyze the Financial Account movement of Brazilian, Mexican, Argentinean and Chilean Balance of Payments. The specific objective is to find which financial flows are most volatile during the administrative and flexible exchange rate periods. Moreover, the thesis intends to look for the inter relation between these flows
Publicado em: 2008
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8. Foreign direct investment : an analysis of its determinants and policies / Investimento direto estrangeiro : reflexões sobre politicas de apoio e seus determinantes
This thesis analyzes the flow of foreign direct investments (FDI), which reached its peak in the last decade of the 20th Century. First to be analyzed are the policies to attract such investments, looking to evaluate to which degree the recent revision of these policies contributed to the expansion of the FDI during this period. Revision that intends to decr
Publicado em: 2008
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9. THE INSERT INTERNATIONAL ECONOMIC AND THE FOREIGN VULNERABILITY OF BRAZIL AND ARGENTINA (1990-1999) / A INSERÇÃO ECONÔMICA INTERNACIONAL E A VULNERABILIDADE EXTERNA DO BRASIL E DA ARGENTINA (1990-1999)
This study examines the international economic integration of Brazil and Argentina during the period of 1990-1999, and assesses the vulnerability of the two foreign countries. From the evolution of the flows of trade balance (coefficient of openness), the balance of services and capital, is the analysis of international economic integration. The analysis of
Publicado em: 2008
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10. Por que a poupança externa não promove crescimento
Why foreign saving fail to cause growth. The present paper is a formalization of the critique of the growth with foreign savings strategy. Although medium income countries are capital poor, current account deficits (foreign savings), financed either by loans or by foreign direct investments, will not usually increase the rate of capital accumulation or will
Brazilian Journal of Political Economy. Publicado em: 2007
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11. Crescimento econômico secular no Brasil: uma investigação empírica a partir da abordagem do crescimento com restrição externa
The main goal of this work is to study the Brazilian long run economic growth using the Keynesian approach of Balance-of-Payments Constrained Growth. Besides highlighting the importance of the terms of trade to the Brazilian economic growth in the periods 1900-2005 and 1900-1970, this work assess the importance of the capital flows to the Brazilian economic
Publicado em: 2007
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12. Crescimento econÃmico secular no Brasil: uma investigaÃÃo empÃrica a partir da abordagem do crescimento com restriÃÃo externa
The main goal of this work is to study the Brazilian long run economic growth using the Keynesian approach of Balance-of-Payments Constrained Growth. Besides highlighting the importance of the terms of trade to the Brazilian economic growth in the periods 1900-2005 and 1900-1970, this work assess the importance of the capital flows to the Brazilian economic
Publicado em: 2007