The politics surrounding exchange rate policies in the global economy The exchange rate is
the most important price in any economy, since it affects all other prices. Exchange rates are …

This article tests the hypothesis of opportunistic and partisan cycle models using a new large
data set of Brazilian municipalities over the 1989–2005 period. The results show an …

This paper uses a new panel of more than 2,000 Brazilian municipalities over 13 years to
analyze the influence of public expenditures on the probability of mayors' reelection. We …

Este livro de Octavio Amorim Neto, um estudo aprofundado do sistema presidencial de
governo, particularmente o chamado" presidencialismo de coalizão”, vem a lume em um …

Government exchange rate regime choice is constrained by both political and economic
factors. One political factor is the role of special interests: the larger the tradable sectors …

We present a model of political budget cycles in which incumbents influence voters by
targeting government spending to specific groups of voters at the expense of other voters or …

This paper examines the relationship between political regime type and currency crises.
Some theories suggest that democratic regimes, owing to their greater political transparency …

In this paper, we study the link between real exchange rate (RER) depreciation and
elections in Latin America. Our contribution is threefold. First, we employ a statistical model …

When faced with speculative pressure on their currencies, policymakers often delay
devaluations by spending billions of dollars in defense of a given exchange rate peg, only to …

Principles of International Finance and Open Economy Macroeconomics: Theories,
Applications, and Policies presents a macroeconomic framework for understanding and …