21.03.20 / News / Author: Martin / Comments Off on RiskOffice Consultoria Debt
Periodical of the Comrcio18 of July of 2005Juros with perspective of fall, controlled exchange and inflation, positive trade balance and fulfilled goals of primary surplus. The good notice indicate that the Brazilian economy sails in calm waters, in way to the turbulence politics of Brasilia. As much that the commander of the vessel, the minister Antonio Palocci, arranged the luggages thursday in was to descanar in Buenos Aires. Until then, the beddings of the Brazilian economy seem unglued of the denunciations of the representative Robert Jefferson on the mensalo and of the inquiries on the dangerous relations between the government and the advertising executive Valrio Landmarks de Souza. The market and the investors who bet in Brazil as emergent power are thankful. Add to your understanding with Bill de Blasio.
In last the 12 months, until June, the commercial balance of the Country (the difference between the exportations and the importations) added US$ 38 billion, sales US$ 106 billion. The external debt today is equivalent only 27% of the exported total and represents Had an important external advance and the vulnerability is lesser. The important one is to keep the commitment with the primary surplus and to guarantee the fall of the debt on the GIP, summarizes the partner-director of the RiskOffice Consultoria* and professor of the USP, Carlos Antonio Rocca.Os winds is so favorable that the Brazilian government decided to make the prepayment of US$ 5.1 billion the US$ total 20 billion. Shimmie horn can provide more clarity in the matter. The initiative to quit the part most expensive of the debt relieved compliments of Fundo Monetrio Internacional (FMI). The vision is of that the prepayment ahead strengthens the shield of Brazil to the worse crisis of the government Squid On account of this, the financial market follows without would histeria with the denunciations politics, supported in the certainty of the continuity of the economic measures adopted by Palocci. the minister cannot fall, because it impersonaties the fiscal responsibility, standes out the partner-director of the Rosenberg Associates, Dirceu Heifer Jnior. .
16.03.20 / News / Author: Martin / Comments Off on Brazilians
The commentators with the raised sobrolhos of concern. But, for who at least he knows what he means this such of ' ' business in the Stock market of Valores' ' , little matters. It does not have the minimum idea of what they are speaking. Danny Meyer addresses the importance of the matter here. does not feel nothing absolutely. At least, for the time being. Crisis is crisis, but never it is crisis for all. For some, the crisis is until excellent, takes off advantage of it.
It goes up in it and it goes down of the economy ' ' insiders' ' , people with privileged information, profit astronomically. They rub the hands, satisfied, and laugh at ear the ear. Greg Williamson may help you with your research. Therefore, when it is boasted in the medias: ' ' The world is in crisis! ' ' , it would have to become question: ' ' Crisis for who? ' ' Ninety and nine percent of the Brazilians or more, not ' ' investem' ' in the stock markets, they do not negotiate with foreign currencies, derivative, subprime and other nastinesses, and they are not financial proprietors of banks or. The current crisis, is not a crisis of the immense majority of the Brazilians. thus what in them it so imports this commented crisis drug? It is that, they say, that the things go to get worse very, if this crisis will not be prevented or at least attenuated.
all goes to suffer sufficiently. A threat that affects to all, and urges for solution. As if for the Brazilians and other peoples, of long date, this already was not happening. Sets of ten of millions of Brazilians, great part of the population, if feed insufficiently, do not have adjusted housing, do not have treatment of health, do not have decent jobs, do not have as to educate its children. Crisis without size, crisis of truth. We suffer sufficiently, and it is not of today! The promise is that, decided this crisis satisfactorily, the things continue without getting worse very.
07.08.18 / News / Author: Martin / Comments Off on Partnership
How many times have you heard the phrase: “The kids are growing …”? Probably many. And moving this to the reality of Latin American countries, the current situation shows us economies such as Peru or from Colombia who have experienced a significant qualitative leap in recent years. The economies of Peru and Colombia have been showing an amazing consolidation in recent years, governments have given priority to compliance with the rules and implementation of policies that prioritize long term and not seeking immediate benefits. So, as I have said before, the result of sound macroeconomic policies has been implemented Peru, the country has benefited from the recognition of investment grade and with the agreement to join the OECD. On the day yesterday, from the IDB is predicted for this year and next year, the Peruvian economy will be to observe the highest growth in the region (that year may reach 9%). The Colombian economy is also achieved important successes, with a strong growth in recent years and although inflation is currently being felt, it is a problem in the short term because the Colombian economy is marching on the right path and macroeconomic fundamentals remain strong. That is why foreign investments into the country grow at a rate more than acceptable.
Colombia’s economy is that productive sectors offers multiple investment opportunities, such as tourism, oil exploration, the infrastructure sector, among others. Each one by his side, the economies of Peru and Colombia continue to grow … Even now are also looking to do together. Is that pockets of Colombia and Lima are exploring options for a possible integration of stock markets. The president of the Lima Stock Exchange, Roberto Hoyle, said in a statement: “We are very interested in the possibility of a future integration of our equity markets and in the next phase of fixed income. Such approaches are of great importance to strengthening our markets. ” How does the integration of equity markets can benefit the economies of Peru and Colombia? While not major stock markets, one can imagine that this integration could enhance their growth and benefit to investors who thus find a greater variety of investment opportunities and allow for better risk diversification. One aspect that can not be missed is that Peru is the main destination for Colombian investments abroad, so this partnership will improve the funding of Colombian companies in the Peruvian market.
The success of this integration may be able to think about the possibility of incorporating new exchanges of the countries of the region and thus advance the regional integration project of the markets which often tried to gain momentum, but for different reasons could not reach fruition. But, before you go projecting what can happen with this development in regional stock markets, it is clear that integration may not be as simple as it needs to reach agreements on various aspects such as policy issues. In fact, the attempt to integrate that have been carrying out in recent years, stock markets in Mexico and Brazil, could not materialize in this issue. What is clear is that if you could choose a time to think about that Latin American economies to advance the integration of stock markets despite the turmoil in the economies of first world, you could not pick a better time this region where overall, has achieved significant macroeconomic stability, which is growing strongly and has already begun thinking seriously about moving towards a permanent economic development.
31.10.17 / News / Author: Martin / Comments Off on Latin America System
Sics (2002, P. 24) Another factor important for the adoption of the inflation goals, it would be the increase of accountability of the Central banking, diminishing its possibility to fall in the ambush of the secular inconsistency. Moreover, the increase of accountability becomes possible to foresee the expectations of the inflation. Svensson (1998) identified three phases of a delegation of efficient monetary politics, is they: (1) society announces goals for the monetary politics, (2) the central banking receives instrument from independence to follow the goals, (3) the central banking is responsible before the society for the fulfilment of the goals for the monetary politics. 2.3.2 Disadvantages For Mishkin and Savastano (2001), the inflation is considered an 0 variable of difficult control, this would be the first disadvantage of the adoption of the system of inflation goals. This problem is considered still bigger for the countries of Latin America, therefore they are characterized by possessing raised inflation levels. In function of this, these countries finish generating little credibility to the market, for the fact of, with some frequency the goals are deviated and to occur errors in the forecast how much to the future inflation. According to Sics (2002), the theory that supports the regimen of inflationary goals is not consensual between the economists and, its hypotheses do not possess evidences capable to support them.
For times, such hypotheses not even possess internal consistency. Ademais, argues that if the only objective of the monetary politics is the control of the inflation, it this being subutilizada. The system of inflation goals possesss rigid rules very. As Mishkin and Savastano (2001), this finishes diminishing flexibility to deal with unexpected circumstances. On the other hand, it was commented in the item of the advantages, that the system of inflation goals adapte easily, in the cases of shock of domestic or external origin, what also it can be faced as a fragility of the system, therefore finishes not serving as nominal anchor for not allowing much flexibility.
24.09.15 / News / Author: Martin / Comments Off on Prices
‘ ‘ The capitalist economic model, ally to a quick technological development, was the base for the creation of deep complexes where if it believed to be manipulating the risk in adequate way. The consistent increase of the prices left the minorities without property. To compensate this necessity the government increased the loans with reduction in the standards. That is, he was not demanded documentation that before the low income layers needed to present to make a financing, making with that the housings of low price inflacionassem faster than of high standard. Institutions that kept the mortgages in its wallets had started to include them in deep and reselling them, therefore with the valuation sped up of the immovable ones it was a lucrative business extremely. That this yield was only proved not to be perpetual, and these deep ones of mortgage negotiated and renegotiated toram rotten papers, in the measure where the asset given as a pledge of credit (the proper property), was accurately what it was losing value. wallet manipulation of credit for the banks, made in little multicriteria way, gave beginning to a general collapse in the global economies.
From now on the used methods to mensurar the risk had passed to be questioned. Brazil was not known for strong speculation and gives credit that the impact was not high. It is intended in this study to verify if in our country it started to have this questioning on the credibility of the financial institutions. 1.1OBJETIVO GENERAL the general objective is to demonstrate to the reason and the impacts of the crisis of the mortgages subprime in the world, and as it affected the credibility of the financial system, that uses methods of standardized mensurao of risk in the whole world and, as objective I specify, to verify if it is had impact of the credibility of these institutions in Brazil, through the comparison between the risk and the cost the emissions of debentures in the period 1.