A Closer Look at Sectoral Financial Linkages in Brazil I is popular PDF and ePub book, written by Ms.Izabela Karpowicz in 2016-03-02, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, A Closer Look at Sectoral Financial Linkages in Brazil I can be Read Online from any device for your convenience.
A Closer Look at Sectoral Financial Linkages in Brazil I Book PDF Summary
Understanding the interplay between firms’ balance sheets and the macro-economic environment is important for understanding of the Brazilian economy. A close examination of developments in the nonfinancial corporate sector up to the early 2015 reveals weak equity growth, declining profitability, and rising leverage. The empirical work suggests that adverse shocks to financial variables lead to weaker real GDP growth in Brazil through their effect on corporate leverage, borrowing costs, and default frequencies. An estimation based on a DSGE model with financial frictions indicates that the recent economic downturn in Brazil is largely driven by a decrease in total factor productivity and by negative financial shocks.
Detail Book of A Closer Look at Sectoral Financial Linkages in Brazil I PDF
- Author : Ms.Izabela Karpowicz
- Release : 02 March 2016
- Publisher : International Monetary Fund
- ISBN : 9781513536880
- Genre : Business & Economics
- Total Page : 30 pages
- Language : English
- PDF File Size : 21,7 Mb
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