Ensaios sobre as crises financeiras internacionais: economias avançadas, emergentes e em desenvolvimento

Abstract

The general goal of the three essays is to analyze on theoretical and empirical grounds the international financial crises for advanced, emerging and developing countries. One can say that each Essay has its own specificities. The First Essay develops an analysis of the impacts of the 2008 financial crisis on economic growth for a number of advanced, emerging and developing countries using OLS cross-section models. The second Essay concerns in estimating the probability of occurrence of different types of international financial crises in the period 1970-2009 for selected Latin America (Argentina, Brazil and Mexico) and Asia emerging countries (Philippines, Indonesia, Malaysia and Thailand). The empirical investigation is based on probabilistic models (MPL, PROBIT and LOGIT) where the dependent variable is associated with a different concept of financial crises (external and internal default, banking crises, inflation and currency crises and general international financial crises). Finally, the last essay develops an empirical investigation using panel data from 1970 to 2009 and analyzes the main determinants of the different types of international financial crises for a sample of 118 advanced, emerging and developing countries using six concepts of international financial crises.