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Holland, Márcio

Overview
Works: 5 works in 17 publications in 2 languages and 390 library holdings
Roles: Editor, Author
Classifications: HG3881.5.I58, 332.1520981
Publication Timeline
Key
Publications about Márcio Holland
Publications by Márcio Holland
Most widely held works by Márcio Holland
South America for the Chinese : a trade-based analysis by Eliana A Cardoso( Book )
3 editions published in 2010 in English and held by 16 libraries worldwide
The case for a natural resource curse is based on the argument that in the absence of challenges, there is no progress. Is South America cursed by its natural resources? Does China's rapid penetration of the region renew the region's comparative advantage in natural resources? Does South America's trade specialisation stand in the way of regional integration? This paper tries to answer these questions in five steps: It begins with an analysis of trade flows to demonstrate China's growing importance in South America. It verifies that China's emergence as an important partner to the region reinforces the long-established calling of its countries as natural resources and commodities exporters. It argues that this vocation matters, because there is a link between the behaviour of the price of commodities and the region's economic performance. It claims that to deal with this relationship, the best policy is the use of a counter cyclical fiscal policy. Finally, the paper examines whether Brazil could serve as a counter weight to China's influence in the region. By examining the experience of Mercosur, it concludes that this seems improbable, in part because all countries of the region share the same comparative advantages in producing commodities and agricultural goods
Is Brazil different? : risk, dollarization, and interest rates in emerging markets by Edmar Lisboa Bacha( Book )
11 editions published in 2007 in English and held by 14 libraries worldwide
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" the economy, if it fails to address fundamental macroeconomic risks, leads to higher domestic real interest rates. We confirm this prediction in an empirical model, but find that the effect is small after controlling for the risks of dilution and default. Brazil provides a natural case study given its low degree of financial dollarization and very high real interest rates. The estimated model is unable to explain the 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 values. The estimation also shows that further drops in Brazil's real interest rates could be achieved more effectively through improvements in fundamentals that lead to investment-grade status rather than through financial dollarization
Taxa de câmbio no Brasil : estudos de uma perspectiva do desenvolvimento econômico ( Book )
1 edition published in 2011 in Portuguese and held by 3 libraries worldwide
Liberalização da conta de capital e fluxos de curto prazo para o Brasil by Michele Polline Veríssimo( Book )
1 edition published in 2008 in Portuguese and held by 1 library worldwide
O presente trabalho investiga a dinâmica da liberalização da conta de capital e seus efeitos sobre os fluxos de capitais de curto prazo no Brasil, especialmente nos anos 1990, considerando os diversos segmentos daquele mercado - mercados monetário, de derivativos e acionário-, por meio de um estudo comparativo dos fluxos financeiros perante a paridade descoberta da taxa de juros, o risco-país e a legislação para fluxos de capitais de portfólio. Em termos gerais, os resultados obtidos indicam uma maior importância da paridade descoberta da taxa de juros e do risco-país na determinação dos movimentos dos fluxos de portfólio, sendo que se verifica a pouca relevância da utilização de legislações mais liberalizantes para a atração dos fluxos de portfólio no período de análise
Basiléia II e exigência de capital para risco de crédito dos bancos no Brasil by Guilherme M Yanaka( Book )
1 edition published in 2010 in Portuguese and held by 1 library worldwide
Com a implementação do Acordo de Basiléia II no Brasil, os grandes conglomerados bancários poderão utilizar o chamado modelo IRB (Internal Ratings Based) para cômputo da parcela de risco de crédito da exigência de capital. O objetivo deste trabalho é mensurar a diferença entre o capital mínimo exigido (e, conseqüentemente, do Índice de Basiléia) calculado pela abordagem IRB em relação à regulamentação atual. Para isso, foram estimadas probabilidades de inadimplência (PD) utilizando matrizes de transição construídas a partir dos dados da Central de Risco de Crédito (SCR), do Banco Central do Brasil. Os resultados indicam aumento da exigência de capital, ao contrário do ocorrido nos países do G-10
 
Languages
English (14)
Portuguese (3)
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