Bubble thy Neighbor (Forbes et al.)
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- Categoria pai: English/Español
- Criado em Quarta, 30 Maio 2012 19:22
- Publicado em Quarta, 30 Maio 2012 19:22
- Escrito por Marcia Monterio
- Acessos: 413
Bubble thy neighbor: Portfolio effects and externalities from capital controls by Kristin Forbes, Marcel Fratzscher, Thomas Kostka and Roland Straub published by NBER. "We use changes in Brazil´s tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and externalities from capital controls on investor portfolios. We find that an increase in Brazil's tax on foreign investment in bonds causes investors to significantly decrease their portfolio allocations to Brazil in both bonds and equities." http://bit.ly/NjcIjN