English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Tools annual

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Presents the access of premium content as premium feature

Premium Content

Global: Zendy Plus annual

Global: Zendy Free Plan

The aim of this paper is to measure the financial account volatility of the Brazilian Balance of Payments. We intend to show that the short run capital flows toward Brazil are strongly characterized by speculative movements, which generate macroeconomic effects, such as the negative impact on the domestic interest rate, the public debt and the country risk. The main argument here is that the volatility remains even after a flexible exchange rate regime. In order to accomplish this objective we will use a specific econometric model for time series, the ARCH model (autoregressive conditional heteroskedascity model). Through the analysis that links the annual volatility average and the relative participation of each sub-account in the financial account of superior hierarchy, the paper concludes that the most volatile accounts are just that ones with most speculative and short term bias.

análise econômica

VOLATILIDADE DOS FLUXOS FINANCEIROS NO BRASIL: UMA ANÁLISE EMPÍRICA POR MEIO DO MODELO ARCH (MODELO AUTORREGRESSIVO COM HETEROCEDASTICIDADE CONDICIONAL)