The risk premium on brazilian government debt, 1996-2002
| Autor(a) principal: | |
|---|---|
| Data de Publicação: | 2003 |
| Outros Autores: | |
| Tipo de documento: | Artigo |
| Idioma: | eng |
| Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Texto Completo: | http://hdl.handle.net/10438/427 |
Resumo: | The goal of this paper is to identify the determinants of the risk premium on Brazilian government debt. As the risk premium is a component of the interest rate set by the Brazilian central bank, its reduction would make it possible for the central bank to cut interest rates to levels compatible with a higher economic growth environment. The empirical evidence presented in this paper does not reject the hypotheses that fiscal solvency and the size of the public debt affect the risk premium as measured by the spread over treasury bills of the Brazilian C-bond. |
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Loureiro, André SoaresBarbosa, Fernando de HolandaEscolas::EPGEFGV2008-05-13T15:23:58Z2010-09-23T18:57:42Z2008-05-13T15:23:58Z2010-09-23T18:57:42Z2003-06-280104-8910http://hdl.handle.net/10438/427The goal of this paper is to identify the determinants of the risk premium on Brazilian government debt. As the risk premium is a component of the interest rate set by the Brazilian central bank, its reduction would make it possible for the central bank to cut interest rates to levels compatible with a higher economic growth environment. The empirical evidence presented in this paper does not reject the hypotheses that fiscal solvency and the size of the public debt affect the risk premium as measured by the spread over treasury bills of the Brazilian C-bond.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;485Risk premiumGovernment debtEconomiaEconomiaRisco (Economia)Dívida pública - BrasilThe risk premium on brazilian government debt, 1996-2002info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAIL1330.pdf.jpg1330.pdf.jpgGenerated Thumbnailimage/jpeg4223https://repositorio.fgv.br/bitstreams/7fb5e95f-9b54-49ba-9bc2-d4677c390b45/download7fd54daba6b8788f3e23a29912d784faMD58ORIGINAL1330.pdfapplication/pdf368166https://repositorio.fgv.br/bitstreams/2173a887-e55d-41f7-9368-0546858d1277/download24dbeed4e3013adebdb1ce999ce5e724MD52TEXT1330.pdf.txt1330.pdf.txtExtracted texttext/plain30791https://repositorio.fgv.br/bitstreams/5aa0a8ba-14cb-4c46-8f20-bf596d7ab4cc/download142cf6e2a57937e1eee0375bbe43428eMD5710438/4272023-11-09 19:58:58.991open.accessoai:repositorio.fgv.br:10438/427https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T19:58:58Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
| dc.title.eng.fl_str_mv |
The risk premium on brazilian government debt, 1996-2002 |
| title |
The risk premium on brazilian government debt, 1996-2002 |
| spellingShingle |
The risk premium on brazilian government debt, 1996-2002 Loureiro, André Soares Risk premium Government debt Economia Economia Risco (Economia) Dívida pública - Brasil |
| title_short |
The risk premium on brazilian government debt, 1996-2002 |
| title_full |
The risk premium on brazilian government debt, 1996-2002 |
| title_fullStr |
The risk premium on brazilian government debt, 1996-2002 |
| title_full_unstemmed |
The risk premium on brazilian government debt, 1996-2002 |
| title_sort |
The risk premium on brazilian government debt, 1996-2002 |
| author |
Loureiro, André Soares |
| author_facet |
Loureiro, André Soares Barbosa, Fernando de Holanda |
| author_role |
author |
| author2 |
Barbosa, Fernando de Holanda |
| author2_role |
author |
| dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
| dc.contributor.affiliation.none.fl_str_mv |
FGV |
| dc.contributor.author.fl_str_mv |
Loureiro, André Soares Barbosa, Fernando de Holanda |
| dc.subject.eng.fl_str_mv |
Risk premium |
| topic |
Risk premium Government debt Economia Economia Risco (Economia) Dívida pública - Brasil |
| dc.subject.por.fl_str_mv |
Government debt |
| dc.subject.area.por.fl_str_mv |
Economia |
| dc.subject.bibliodata.por.fl_str_mv |
Economia Risco (Economia) Dívida pública - Brasil |
| description |
The goal of this paper is to identify the determinants of the risk premium on Brazilian government debt. As the risk premium is a component of the interest rate set by the Brazilian central bank, its reduction would make it possible for the central bank to cut interest rates to levels compatible with a higher economic growth environment. The empirical evidence presented in this paper does not reject the hypotheses that fiscal solvency and the size of the public debt affect the risk premium as measured by the spread over treasury bills of the Brazilian C-bond. |
| publishDate |
2003 |
| dc.date.issued.fl_str_mv |
2003-06-28 |
| dc.date.accessioned.fl_str_mv |
2008-05-13T15:23:58Z 2010-09-23T18:57:42Z |
| dc.date.available.fl_str_mv |
2008-05-13T15:23:58Z 2010-09-23T18:57:42Z |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
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article |
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publishedVersion |
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http://hdl.handle.net/10438/427 |
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0104-8910 |
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0104-8910 |
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http://hdl.handle.net/10438/427 |
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eng |
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eng |
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Ensaios Econômicos;485 |
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info:eu-repo/semantics/openAccess |
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openAccess |
| dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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Escola de Pós-Graduação em Economia da FGV |
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