The paper presents an empirical investigation into the determinants of long-run growth for
ten Latin American countries based on the balance-of-payments constrained growth model …

From 2014 to 2017, Brazil experienced unprecedented fiscal deterioration caused by
multidimensional factors. According to the economic literature, to cope with such a crisis, it is …

This paper explores the persistence of financial dollarization in a group of 79 economies with
different levels of development. Our main hypothesis is that a high level of domestic debt …

This paper tests the assertion, popularized by Arida et al. (2005), that risks associated with
the jurisdiction and currency inconvertibility are relevant determinants of the high level of short…

The aim of this article is to assess the role of Real Exchange Rate (RER) volatility on long-run
economic growth for a set of 82 advanced and emerging economies, using a panel data …

After strong currency crisis, in January 1999, Brazil implemented flexible exchange rate
regime combined with inflation targeting. Some economists believe that emerging markets do …

We investigate the role of financial dollarization in the determination of real interest rates in
emerging economies. In a simple analytical model, we show that a strategy of" dedollarizing" …

We investigate the role of financial dollarization and systemic risks in the determination of
real interest rates in Brazil. In a simple currency-choice portfolio model, we show that a …

The main goal of the paper is to analyze the relationship between capital flows, country risk,
capital controls and interest rate differential in Brazil since the mid of 90s. We know how …

Countries differ in terms of technological capabilities and complexity of production structures.
According to that, countries may follow different development strategies: one based on …