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Baer, Werner W. Drummond, Paulo Flavio Nacif 2011-05-07T12:07:54Z 2011-05-07T12:07:54Z 10000-01-01 1993 "The dissertation consists of three essays. The first one is an econometric essay on inflation stabilization in Brazil during a period of successive unsuccessful stabilization attempts. The impact on relative prices and the desirability of income policies to fight inflation are addressed. A transfer function model is estimated and causality tests are performed. The failure of stabilization attempts has induced a process of financial liberalization and the discussion of alternative measures to achieve stability. The internationalization of the economy with significative financial liberalization has become a major policy issue and the second essay addresses the important question of the desirability of introducing foreign currency in the banking system in Brazil. A theoretical model is discussed. The third essay investigates the behavior of prices in one of the markets that is a result of this financial liberalization process, the futures market for foreign exchange. Efficiency tests and a discussion of unconditional and conditional biases is provided, a Kalman filter model is estimated and a ""peso-problem"" is identified followed by a discussion of the lack of ergodicity in the data." Made available in DSpace on 2011-05-07T12:07:54Z (GMT). No. of bitstreams: 2 license.txt: 4922 bytes, checksum: 910b249b4beec47e7ab768910c8f966f (MD5) 9411605.pdf: 3095185 bytes, checksum: 5594b330e2932a3dbf257f58124a7b20 (MD5) Previous issue date: 1993 Item marked as restricted to the 'UIUC Users [automated]' Group (id=2) by Howard Ding (hding2@illinois.edu) on 2011-05-07T14:37:02Z Item is restricted indefinitely. Restriction data tranferred 2014-07-01T11:15:09-05:00 Original Data Group with Access UIUC Users [automated] Release Date: none Reason: ETDs are only available to UIUC Users without author permission ETDs are only available to UIUC Users without author permission U of I Only AAI9411605 (UMI)AAI9411605 http://hdl.handle.net/2142/19449 eng Copyright 1993 Drummond, Paulo Flavio Nacif Economics, Finance Financial innovations, inflation and the futures market for foreign exchange in Brazil text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.