Asymmetry and Risk Premia in the Brazilian Term Structure of Interest Rates
The risk premium in the Brazilian term structure of interest rates is partially driven by some specific defensive behavior following past monetary decisions. Until 2008, the Brazilian Central Bank has primarily dealt with domestic and external crises by raising the short term rate to restrain capita...
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| Format: | Article |
| Language: | English |
| Published: |
Brazilian Society of Finance
2011-06-01
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| Series: | Revista Brasileira de Finanças |
| Subjects: | |
| Online Access: | http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/2814/2221 |