Download or read book Capital Markets in the Development Process written by John H. Welch and published by Springer. This book was released on 2016-01-07 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1964, Brazilian policy makers have actively promoted financial market growth. This book traces the evolution of the Brazilian capital markets before and after the 1964-1966 reforms and evaluates their role in economic growth and stability.
Download or read book Brazil s Capital Market written by Mr.Joonkyu Park and published by International Monetary Fund. This book was released on 2012-09-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital market development in Brazil is a key policy issue going forward to foster savings, investment and absorptive capacity in a context of prospects for sizable capital flows in the medium term. During the last decade, Brazil has achieved substantial progress in capital market development. The menu of available financial instruments has been expanded, market infrastructure has been reformed and strengthened, and a diversified investor base has been built. Nonetheless, Brazil’s capital markets are still facing a number of challenges including prevalent short-term indexation, investors’ risk aversion to long-term fixed rate bonds, still low liquidity in the secondary market, and managing the role of BNDES. A shift to a lower yield curve environment should continue to gradually take place. But further progress will require continued policy effort to assure macro stability and financial sector reforms to promote the development of longer-term private finance.
Download or read book Law Planning and the Development of the Brazilian Capital Market written by David M. Trubek and published by . This book was released on 1971 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Development of Brazilian Capital Markets written by and published by . This book was released on 1994 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brazilian Market Portfolio written by Cristina Tessari and published by International Monetary Fund. This book was released on 2017-03-10 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, Brazil has achieved substantial progress in capital market development by building a diversified investor base and expanding the menu of available financial instruments. In this context, we evaluated the invested Brazilian market portfolio for a period spanning 2005–15. This is a portfolio of all assets proportionally weighted by their market capitalization, and it is divided in eight broad categories: government bonds, equities, bank funding bonds, corporate bonds, real-estate, agribusiness, private-equity, and credit bonds. While the paper focuses on stylized facts related to market size, composition weighting and changes over time, the estimated market portfolio contains important information for policy makers and market participants alike.
Download or read book Law Planning and the Development of the Brazilian Capital Market written by David Trubek and published by . This book was released on 1975 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Brazilian Capital Market Development and the U S Multinational Corporations written by Serge Lewi and published by . This book was released on 1974 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An overview of the development of Brazilian capital markets written by Roni Askenazy and published by . This book was released on 1987 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Role of Capital Markets in Underdeveloped Countries with Particular Reference to South Korea Brazil and Nigeria written by Ayman Shafiq Fayyad Abdul-Hadi and published by . This book was released on 1989 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reinventing State Capitalism written by Aldo Musacchio and published by Harvard University Press. This book was released on 2014-04-22 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wave of liberalization that swept world markets in the 1980s and 90s altered the ways that governments manage their economies. Reinventing State Capitalism analyzes the rise of new species of state capitalism in which governments interact with private investors either as majority or minority shareholders in publicly-traded corporations or as financial backers of purely private firms (the so-called “national champions”). Focusing on a detailed quantitative assessment of Brazil’s economic performance from 1976 to 2009, Aldo Musacchio and Sergio Lazzarini examine how these models of state capitalism influence corporate investment and performance. According to one model, the state acts as a majority investor, granting the state-owned enterprise (SOE) financial autonomy and allowing professional management. This form, the authors argue, has reduced many agency problems commonly faced by state ownership. According to another hybrid model, the state uses sovereign wealth funds, holding companies, and development banks to acquire a small share of equity ownership in a corporation, thereby potentially alleviating capital constraints and leveraging latent capabilities. Both models have benefits and costs. Yet neither model has entirely eliminated the temptation of governments to intervene in the operation of natural resource industries and other large strategic enterprises. Nevertheless, the longstanding debate over whether private ownership is superior or inferior to state capitalism has become irrelevant, Musacchio and Lazzarini conclude. Private ownership is now mingled with state capital on a global scale.
Download or read book Native Capital written by Anne G. Hanley and published by Stanford University Press. This book was released on 2005-09-30 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the contribution of financial market institutions—banks and the stock and bond exchange—to São Paulo's economic modernization at the turn of the twentieth century.
Download or read book An Investigation of the Brazilian Capital Market written by James Craig Dodson and published by . This book was released on 1961 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Coffee Factorage and the Emergence of a Brazilian Capital Market 1850 1888 written by Joseph Earl Sweigart and published by Dissertations-G. This book was released on 1987 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brazil written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2018-11-30 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brazil’s financial markets are generally liquid and sophisticated. Brazil is blessed with a wide array of instruments which investors can use to manage and hedge interest rate and FX risks. The infrastructure supporting markets appears sound and is widely attributed by market participants to ensuring the resiliency of Brazil’s markets despite a multitude of significant shocks. A key foundation of the resiliency of Brazil’s markets is the large structural liquidity surplus (around 20 percent of GDP) and Brazil’s substantial FX reserves. Market participants generally have ample cash reserves that provide a key buffer against liquidity shocks. Brazilian investors have a strong preference for high quality short term liquid investments. Brazil’s history of economic instability drives investors towards short term liquid investments of the highest credit quality such as overnight repos and short-term government bonds. Dollarization is low reflecting restrictions on FX investments available within Brazil but hedges against FX risk are widely available and give investors’ confidence to hold Real. Government bonds are the centerpiece of the securities markets.
Download or read book Corporate Governance and Capital Markets in Brazil written by Alexandre Di Miceli da Silveira and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a PDF file with a presentation about the history and panorama of Corporate Governance and Capital Markets in Brazil, as of earlier 2014. It intends to help foreign researchers and practitioners to understand the evolution of the debates about corporate governance in Brazil, as well as its current state. The presentation is divided in five topics: 1. A big picture about Brazil, including a brief comparison against other BRICs; 2. Historical perspective and main corporate governance landmarks in Brazil; 3. The evolution of the Brazilian corporate governance model; 4. Current data on Brazilian capital markets, 5. Concluding remarks.
Download or read book Improving Infrastructure Financing in Brazil written by Inter American Development Bank and published by Inter-American Development Bank. This book was released on 2019-02-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Brazilian Economy written by Werner Baer and published by . This book was released on 2008 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: ?Baer?s book has become the standard, authoritative reference for those who need to understand the current workings, as well as the historical evolution, of the Brazilian economy. This timely and welcome new edition sheds important light on the policy challenges facing Brazil in the 21st century.??Riordan Roett, Johns Hopkins UniversityIn this thorough description and analysis of Latin America?s largest economy, Werner Baer traces the trajectory of Brazil?s economic development from the colonial period through the current Lula administration.The sixth edition includes vast amounts of new statistical and institutional information, as well as a detailed assessment of the country?s economic performance over the last decade. Current, and often contentious, issues such as privatization, income and regional inequalities, and the environmental impact of development are also extensively explored.Designed to be broadly accessible, this new edition will be valuable in a wide range of venues, from universities to the corporate world to the libraries of development organizations. Werner Baer is Jorge Lemann Professor of Economics at the University of Illinois, Champaign-Urbana. Among his most recent publications are Liberalization and its Consequences and Foreign Direct Investment in Latin America: Its Changing Nature at the Turn of the Century.Contents: Introduction. The Historical Trajectory. The Colonial Period and the Nineteenth Century. Early Industrial Growth. Post?World War II Industrialization: 1946?1961. From Stagnation and Boom to the Debt Crisis: 1961?1985. Inflation and Economic Drift: 1985?1994. The Real Plan and the End of Inflation: 1994?2002. Economic Orthodoxy vs. Social Development: 2002?2007. Exploring Central Issues. The External Sector: Trade and Foreign Investments. The Changing Public Sector and the Impact of Privatization. Regional Inequalities. The Agricultural Sector. The Environmental Impact of Development. Healthcare. Neoliberalism and Market Concentration: The Emergence of a Contradiction? Conclusion. Structural Changes in Brazil?s Economy: 1960?2006.
