Details about Marcio G. P. Garcia

Homepage:	https://sites.google.com/view/mgpgarcia/home
Phone:	5521 98898 8504
Postal address:	Department of Economics Pontifical Catholic University - PUC-Rio Rua Marques de Sao Vicente, 225 Gavea - Rio de Janeiro - RJ 22451-041 - BRASIL
Workplace:	Departamento de Economia (Department of Economics), Pontifícia Universidade Católica do Rio de Janeiro (Pontifical Catholic University of Rio de Janeiro), (more information at EDIRC)

Access statistics for papers by Marcio G. P. Garcia.

Last updated 2024-11-06. Update your information in the RePEc Author Service.

Short-id: pga111

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Jump to Journal Articles Edited books Chapters

Working Papers

2019

1. The Monetary and Fiscal History of Brazil, 1960-2016
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2018)
   Discussion Papers, Centre for Macroeconomics (CFM) (2018)
   IDB Publications (Working Papers), Inter-American Development Bank (2019) View citations (6)
   Staff Report, Federal Reserve Bank of Minneapolis (2018) View citations (2)

2017

2. Foreign Currency Debt and Fixed Exchange Rate Regimes: the importance of implicit guarantees against currency devaluations
   Working Papers Series, Central Bank of Brazil, Research Department

2016

3. O Impacto de Anúncios Econômicos no Mercado Futuro Brasileiro de Ações, Juros e Câmbio
   Discussion Papers, Instituto de Pesquisa Econômica Aplicada - IPEA

2015

4. Capital Controls and Implications for Surveillance and coordination: Brazil and Latin America
   Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
5. FX interventions in Brazil: a synthetic control approach
   Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (7)
   See also Journal Article FX interventions in Brazil: A synthetic control approach, Journal of International Economics, Elsevier (2017) View citations (47) (2017)
6. Juros e Câmbio no Brasil: Avanços e Desafios
   Textos para discussão, Department of Economics PUC-Rio (Brazil)

2014

7. DNDFs:a more efficient way to intervene in FX markets?
   Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (9)
8. Economic gains of realized volatility in the Brazilian stock market
   Textos para discussão, Department of Economics PUC-Rio (Brazil)
   See also Journal Article Economic gains of realized volatility in the Brazilian stock market, Brazilian Review of Finance, Brazilian Society of Finance (2014) (2014)
9. Price Discovery in Brazilian FX Markets
   Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (10)
   See also Journal Article Price Discovery in Brazilian FX Markets, Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE (2015) View citations (1) (2015)
10. Price Discovery no Mercado de Câmbio Brasileiro: O Preço é Formado no Mercado à Vista ou Futuro?
    Discussion Papers, Instituto de Pesquisa Econômica Aplicada - IPEA

2013

11. Capital controls in Brazil: effective?
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (29)
    See also Journal Article Capital controls in Brazil: Effective?, Journal of International Money and Finance, Elsevier (2016) View citations (61) (2016)

2011

12. A gerência recente do endividamento público brasileiro
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
13. Bye, Bye Financial Repression, Hello Financial Deepening: The Anatomy of a Financial Boom
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
    See also Journal Article Bye, bye financial repression, hello financial deepening: The anatomy of a financial boom, The Quarterly Review of Economics and Finance, Elsevier (2012) View citations (7) (2012)
14. Can Sterilized FX Purchases under Inflation Targeting be Expansionary?
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (12)
15. ExpectativasDesagregadas, Credibilidade do Banco Central e Cadeias de Markov
    Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting], ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics] View citations (2)
    See also Journal Article Expectativas Desagregadas, Credibilidade do Banco Central e Cadeias de Markov, Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (2014) View citations (2) (2014)

2010

16. Identifying the bank lending channel in Brazil through data frequency
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (1)
    Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2010) View citations (15)
    See also Journal Article Identifying the Bank Lending Channel in Brazil through Data Frequency, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2010) View citations (15) (2010)

2009

17. Incentivo perverso das reservas internacionais: O caso das empresas exportadoras brasileiras
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
18. Mercados futuro e à vista de câmbio no Brasil: O rabo balança o cachorro
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (2)
    See also Journal Article Mercados futuro e à vista de câmbio no Brasil: O rabo balança o cachorro, Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (2012) View citations (3) (2012)

2008

19. Balance Sheet Effects in Currency Crises: Evidence from Brazil
    Working Papers Series, Central Bank of Brazil, Research Department View citations (8)
    Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2008) View citations (8)

2007

20. Monetary policy credibility and inflation risk premium: a model with application to Brazilian data
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (7)

2006

21. Alongamento dos títulos de renda fixa no Brasil
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
22. INEFFECTIVE CONTROLS ON CAPITAL INFLOWS UNDER SOPHISTICATED FINANCIAL MARKETS: BRAZIL IN THE NINETIES
    Anais do XXXIV Encontro Nacional de Economia [Proceedings of the 34th Brazilian Economics Meeting], ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics] View citations (22)
    Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2006) View citations (13)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (28)
    See also Chapter Ineffective Controls on Capital Inflows under Sophisticated Financial Markets: Brazil in the Nineties, NBER Chapters, National Bureau of Economic Research, Inc (2008) View citations (22) (2008)

2005

23. Cousin risks: the extent and the causes of positive correlation between country and currency risks
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (2)
    Also in Econometric Society 2004 Latin American Meetings, Econometric Society (2004)
24. Medium run effects of short run inflation surprises: monetary policy credibility and inflation risk premium
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
25. O Mercado interbancário de câmbio no Brasil,Creation-Date: 2005-07
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)

2004

26. A Risk Management Approach to Emerging Market's Sovereign Debt Sustainability with an Application to Brazilian Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (58)
    Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (2004) View citations (36)
27. A Risk Management Approach to Emerging Market’s Sovereign Debt Sustainability with an application to Brazilian data
    Econometric Society 2004 Latin American Meetings, Econometric Society View citations (55)

2002

28. Brazil in the 21st century: How to escape the high real interest trap?
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
29. Currency Risk in Brazil under Two Different Exchange Rate Regimes
    Computing in Economics and Finance 2002, Society for Computational Economics
30. Public debt management, monetary policy and financial institutions
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (7)

2001

31. Monetary policy during Brazil´s Real Plan: estimating the Central Bank´s reaction function
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (10)
    See also Journal Article Monetary Policy During Brazil´s Real Plan: Estimating the Central Bank´s Reaction Function, Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (2005) View citations (9) (2005)
32. Taxa de Juros, Risco Cambial e Risco Brasil
    Anais do XXIX Encontro Nacional de Economia [Proceedings of the 29th Brazilian Economics Meeting], ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics] View citations (4)

2000

33. Debt management in Brazil: evaluation of the Real Plan and challenges ahead
    Policy Research Working Paper Series, The World Bank View citations (4)
    Also in Textos para discussão, Department of Economics PUC-Rio (Brazil) (1999) View citations (2)
    See also Journal Article Debt Management in Brazil: Evaluation of the Real Plan and Challenges Ahead, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2002) View citations (10) (2002)
34. Very high interest rates and the cousin risks: Brazil during the Real Plan
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (5)

1999

35. Banks, domestic debt intermediation and confidence crises: the recent Brazilian experience
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (3)
    See also Journal Article Banks, Domestic debt intermediation and confidence crises: the recent brazilian experience, Brazilian Journal of Political Economy, Center of Political Economy (2002) View citations (1) (2002)
36. O prêmio de risco da taxa de câmbio no Brasil
    Textos para discussão, Department of Economics PUC-Rio (Brazil)

1998

37. Capital flows, capital controls and currency crisis: the case of Brazil in the nineties
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (9)

1997

38. Public and private provision of infrastructure and economic development
    Textos para discussão, Department of Economics PUC-Rio (Brazil)

1996

39. Capital flows to Brazil in the nineties: Macroeconomic aspects and the effectiveness of capital controls
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (8)
    See also Journal Article Capital Flows to Brazil in the Nineties: Macroeconomic Aspects and the Effectiveness of Capital Controls, The Quarterly Review of Economics and Finance, Elsevier (1998) View citations (16) (1998)
40. Leilões de títulos da dívida pública pelo Banco Central do Brasil: um estudo dos fatores condicionantes da dispersão das propostas para os BBCs
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)

1995

41. O financiamento à infra-estrutura e a retomada do crescimento econômico sustentado
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
42. Private international capital flows to Brazil
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
    Also in Financiamiento para el Desarrollo, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) (1995) View citations (6)
43. The contribution of speculators to effective financial markets
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)
44. The role of capital markets in economic growth
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (5)
45. Unit roots in the presence of abrupt governmental interventions with an application to Brazilian to Brazilian data
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (2)

1994

46. Avoiding some costs of inflation and crawling toward hyperinflation: the case of the Brazilian domestic currency substitute
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
    See also Journal Article Avoiding some costs of inflation and crawling toward hyperinflation: The case of the Brazilian domestic currency substitute, Journal of Development Economics, Elsevier (1996) View citations (17) (1996)
47. O mercado futuro de taxas de juros no Brasil: especificidades teóricas e empíricas do mercado de DI-futuro
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
48. Política monetária e cambial: algumas lições do periodo recente para o real
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
49. Política monetária, depósitos compulsórios e inflação
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)

1993

50. Capital flows and monetary control under a domestic currency substitution regime: The recent Brazilian experience
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (2)
51. Politica monetaria e formação das expectativas de inflação: Quem acertou mais, o governo ou o mercado futuro?
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
52. Regulação e supervisão dos bancos comerciais no Brasil
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
53. Strengthening the financial sector in the Brazilian economy
    Textos para discussão, Department of Economics PUC-Rio (Brazil) View citations (1)

1991

54. The formation of inflation expectations in Brazil: A study of the Fisher effect in a signal extraction framework
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
55. The formation of inflation expectations in Brazil: A study of the futures markets for the price level
    Textos para discussão, Department of Economics PUC-Rio (Brazil)
    See also Journal Article The formation of inflation expectations in Brazil: a study of the futures market for the price level, Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil) (1994) (1994)

Journal Articles

2024

1. International macroeconomic vulnerability
   Journal of International Money and Finance, 2024, 146, (C) View citations (1)

2022

2. Countercyclical credit policies and banking concentration: Evidence from Brazil
   Journal of Banking & Finance, 2022, 143, (C)

2017

3. FX interventions in Brazil: A synthetic control approach
   Journal of International Economics, 2017, 108, (C), 157-168 View citations (47)
   See also Working Paper FX interventions in Brazil: a synthetic control approach, Textos para discussão (2015) View citations (7) (2015)
4. Real-time inflation forecasting with high-dimensional models: The case of Brazil
   International Journal of Forecasting, 2017, 33, (3), 679-693 View citations (37)

2016

5. Capital controls in Brazil: Effective?
   Journal of International Money and Finance, 2016, 61, (C), 163-187 View citations (61)
   See also Working Paper Capital controls in Brazil: effective?, Textos para discussão (2013) View citations (29) (2013)
6. The High Frequency Impact of Macroeconomic Announcements in the Brazilian Futures Markets
   Brazilian Review of Econometrics, 2016, 36, (2)

2015

7. Price Discovery in Brazilian FX Markets
   Brazilian Review of Econometrics, 2015, 35, (1) View citations (1)
   See also Working Paper Price Discovery in Brazilian FX Markets, Textos para discussão (2014) View citations (10) (2014)

2014

8. Economic gains of realized volatility in the Brazilian stock market
   Brazilian Review of Finance, 2014, 12, (3), 319-349
   See also Working Paper Economic gains of realized volatility in the Brazilian stock market, Textos para discussão (2014) (2014)
9. Expectativas Desagregadas, Credibilidade do Banco Central e Cadeias de Markov
   Revista Brasileira de Economia - RBE, 2014, 68, (2) View citations (2)
   See also Working Paper ExpectativasDesagregadas, Credibilidade do Banco Central e Cadeias de Markov, Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting] (2011) View citations (2) (2011)

2012

10. Bye, bye financial repression, hello financial deepening: The anatomy of a financial boom
    The Quarterly Review of Economics and Finance, 2012, 52, (2), 135-153 View citations (7)
    See also Working Paper Bye, Bye Financial Repression, Hello Financial Deepening: The Anatomy of a Financial Boom, Textos para discussão (2011) View citations (1) (2011)
11. Mercados futuro e à vista de câmbio no Brasil: O rabo balança o cachorro
    Revista Brasileira de Economia - RBE, 2012, 66, (1) View citations (3)
    See also Working Paper Mercados futuro e à vista de câmbio no Brasil: O rabo balança o cachorro, Textos para discussão (2009) View citations (2) (2009)
12. The recent management of Brazilian public debt
    Brazilian Journal of Political Economy, 2012, 32, (2), 260-281

2011

13. Dispersão na fixação de preços no Brasil
    Revista Brasileira de Economia - RBE, 2011, 65, (1) View citations (1)

2010

14. Identifying the Bank Lending Channel in Brazil through Data Frequency
    Economía Journal, 2010, Volume 10 Number 2, (Spring 2010), 47-79 View citations (15)
    See also Working Paper Identifying the bank lending channel in Brazil through data frequency, LSE Research Online Documents on Economics (2010) View citations (1) (2010)

2006

15. Foreign Exchange Rate Futures Trends: Foreign Exchange Risk or Systematic Forecasting Errors?
    Brazilian Review of Finance, 2006, 4, (2), 123-140

2005

16. Monetary Policy During Brazil´s Real Plan: Estimating the Central Bank´s Reaction Function
    Revista Brasileira de Economia - RBE, 2005, 59, (1) View citations (9)
    See also Working Paper Monetary policy during Brazil´s Real Plan: estimating the Central Bank´s reaction function, Textos para discussão (2001) View citations (10) (2001)

2002

17. Banks, Domestic debt intermediation and confidence crises: the recent brazilian experience
    Brazilian Journal of Political Economy, 2002, 22, (4), 651-669 View citations (1)
    See also Working Paper Banks, domestic debt intermediation and confidence crises: the recent Brazilian experience, Textos para discussão (1999) View citations (3) (1999)
18. Debt Management in Brazil: Evaluation of the Real Plan and Challenges Ahead
    International Journal of Finance & Economics, 2002, 7, (1), 15-35 View citations (10)
    See also Working Paper Debt management in Brazil: evaluation of the Real Plan and challenges ahead, Policy Research Working Paper Series (2000) View citations (4) (2000)

2001

19. O Prêmio de Risco da Taxa de Câmbio no Brasil durante o Plano Real
    Revista Brasileira de Economia - RBE, 2001, 55, (2) View citations (6)

2000

20. A regression tree analysis of real interest rate regime changes
    Applied Financial Economics, 2000, 10, (2), 171-176 View citations (2)
21. Auctions of Public Debt Securities by the Central Bank of Brazil: A Study of the Factors of the Dispersion of Proposals for BBCs
    Brazilian Journal of Political Economy, 2000, 20, (4), 369-386

1999

22. Unit Roots in the Presence of Abrupt Governmental Interventions with an Application to Brazilian Data
    Journal of Applied Econometrics, 1999, 14, (1), 27-56 View citations (61)

1998

23. Capital Flows to Brazil in the Nineties: Macroeconomic Aspects and the Effectiveness of Capital Controls
    The Quarterly Review of Economics and Finance, 1998, 38, (3, Part 1), 319-357 View citations (16)
    See also Working Paper Capital flows to Brazil in the nineties: Macroeconomic aspects and the effectiveness of capital controls, Textos para discussão (1996) View citations (8) (1996)

1997

24. Provisão pública e privada da infra-estrutura e desenvolvimento econômico
    Nova Economia, 1997, 7, (2), 49-64

1996

25. Avoiding some costs of inflation and crawling toward hyperinflation: The case of the Brazilian domestic currency substitute
    Journal of Development Economics, 1996, 51, (1), 139-159 View citations (17)
    See also Working Paper Avoiding some costs of inflation and crawling toward hyperinflation: the case of the Brazilian domestic currency substitute, Textos para discussão (1994) (1994)
26. Financing for infrastructure and the resumption of sustained economic growth
    Brazilian Journal of Political Economy, 1996, 16, (3), 331-347

1995

27. Monetary policy, compulsory deposits and inflation
    Brazilian Journal of Political Economy, 1995, 15, (2), 270-283
28. Política monetaria y formación de expectativas de inflación. ¿Quién acertó más, el gobierno o el mercado a futuro?
    El Trimestre Económico, 1995, 62(1), (245), 97-128

1994

29. The formation of inflation expectations in Brazil: a study of the futures market for the price level
    Revista Brasileira de Economia - RBE, 1994, 48, (1)
    See also Working Paper The formation of inflation expectations in Brazil: A study of the futures markets for the price level, Textos para discussão (1991) (1991)

1993

30. The Fisher effect in a signal extraction framework The recent Brazilian experience
    Journal of Development Economics, 1993, 41, (1), 71-93 View citations (11)

1989

31. The Corporate Veil Revisited
    Brazilian Review of Econometrics, 1989, 9, (2)

Edited books

2008

1. Financial Markets Volatility and Performance in Emerging Markets
   National Bureau of Economic Research Books, University of Chicago Press View citations (88)
2. Financial Markets Volatility and Performance in Emerging Markets
   NBER Books, National Bureau of Economic Research, Inc View citations (83)

Chapters

2008

1. Ineffective Controls on Capital Inflows under Sophisticated Financial Markets: Brazil in the Nineties
   A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 29-96 View citations (22)
   See also Working Paper INEFFECTIVE CONTROLS ON CAPITAL INFLOWS UNDER SOPHISTICATED FINANCIAL MARKETS: BRAZIL IN THE NINETIES, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics] (2006) View citations (22) (2006)
2. Introduction to "Financial Markets Volatility and Performance in Emerging Markets"
   A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 1-8 View citations (4)