A crise financeira de 2008: uma reflexão a partir da teoria da fragilidade financeira de Hyman Minsky

This paper aims to use the theoretical framework developed by Hyman P. Minsky for understanding the concept of financial fragility observed in the capitalist system. It is intended to clarify the concept of intrinsic instability to which capitalism is subject, which is responsible for generating more economic cycles - periods of prosperity and crashes that affect global economies - particularly the one initiated in the United States in 2008. Thus, we made theoretical analysis of the theory of economic cycles and financial instability beyond historical reviews on the biggest financial crisis since the Great Depression

Interpretação da crise financeira mundial sob a perspectiva de David Harvey

Pós-graduação em Economia - FCLAR

A importância do mercado de capitais: considerações das teorias econômica e financeira

This paper attempts to analyze and highlight the importance of the capital market for growth and economic development of the country, sustainable business growth and growth of the assets of an individual, as an alternative investment and financing. Were also examined the barriers to further growth of this market and relevant criticism about this. The study is guided from analyzes of economic and financial theories, concepts and fundamental principles for understanding the functioning of financial markets, even more specific, empirical analysis of the efficiency of markets and the stock market, in the context of Brazilian reality

Antecipação da puberdade de novilhas Nelore (Bos taurus indicus) como fator econômico positivo na pecuária de corte brasileira

A idade ao primeiro parto em novilhas da raça Nelore é um importante índice a ser considerado na produtividade da pecuária de corte brasileira. Atualmente o gado Nelore é o mais difundido no Brasil, sendo considerado a principal raça de corte criada no país. O objetivo desta revisão foi comparar as informações sobre a característica reprodutiva tardia do gado Nelore com os recentes estudos sobre a antecipação da puberdade com o auxílio do manejo nutricional adequado, visando o aumento da produtividade. Foram utilizados basicamente três trabalhos, sendo um experimento realizado no Brasil, um trabalho apresentado por pesquisadores dos EUA e um artigo escrito pelo Dr. Guilherme de Paula Nogueira; além de artigos selecionados através dos seguintes descritores e boleadores: (Nelore OR Bos indicus) AND (Heifers OR Puberty) AND (Nutrition) AND (Economy). Dentre os 8 estudos obtidos, foram selecionadas 2 publicações em inglês datadas de 1991 e 2003. Mesmo a literatura sendo escassa neste assunto e em alguns aspectos contraditória, principalmente tratando-se da questão da viabilidade econômica da parição antecipada na pecuária de corte, pode-se concluir que a antecipação da puberdade depende de vários fatores tais como a genética, interação ambiental, nutrição, escore de condição corporal (ECC) e manejo. Além disso, mais pesquisas são necessárias e devem considerar a relação econômica da antecipação da puberdade em novilhas da raça Nelore dentro da bovinocultura de corte no Brasil

Balanço econômico da operação de semeadura da cultura da soja em diferentes arranjos espaciais

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Viabilidade econômica da venda de energia elétrica em cogeração sob condições de risco: um estudo de caso

The availability of the electrical energy, in sufficient quantities and in competitive prices is a crucial factor to the economic development. The trade-in of the excess electrical energy produced in a system of cogeneration can be seen as an alternative to the creation of an additional source of revenues for ethanol power plants sector, besides contributing to the complementation of the Brazilian electrical headquarter with renewable sources. The objective of this study was to evaluate the economic feasibility of the implementation of a cogeneration electrical central using the excess of sugar cane bagasse and selling the excess of electrical energy with prices of the market. An ethanol power plant located in the state of Sao Paulo was used to this study. It was used the case study methodology, evaluating the potential of the investment under the viewpoint of the Net Present Value (NPV), Payback and Internal Rate of Return (IRR), and complementing the results of the Accounting Results (AC). It was created three alternative scenarios to reflect the level of the risk of every studied situation: the most likely, an optimistic and a pessimistic, each one with its assumptions. The Monte Carlo Simulations was used to insert the elements of risk to each scenario. The results showed that the project is feasible in all NPV scenarios. And the Payback and IRR analysis confirmed these evidences. The valuation with the AR showed that the project is most risky at the pessimistic scenario, but is feasibly in the most likely and the optimistic scenarios. It was concluded that the project is economic viable. However, the economic viability shown in the results is based on the maintenance of the future prices on the levels of the historical prices used in the analysis.

Viabilidade técnica e econômica da incorporação do balanço eletrolítico na formulação de rações para poedeiras em segundo ciclo de produção

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

Estudo da viabilidade de implantação do INOVAR-AUTO utilizando o método do fluxo de caixa sob risco

The automobile industry has a growing importance in the Brazilian economic environment. The industry moves a huge chain that encompasses manufacturers, suppliers of raw materials, auto parts dealers, gas stations, insurance companies, repair shops, tire stores, media companies, advertising agencies, among others. Because of this importance in the current economic environment in Brazil, the federal government, through Law No. 12715 of 17 December 2012 established a Program for the Promotion of Innovation and Densification in the Productive Chain of Motor Vehicles called INOVAR-AUTO in order to support technological development, innovation, safety, environmental protection, energy efficiency and quality of cars, trucks, buses and auto parts. The specific purpose of this study, a simulation for discussion of the viability of the program implementation using the Monte Carlo Simulation combined with the Cash-Flow-at-Risk was performed. To this end, an exploratory and documentary literature on the subject was held as well as a case study in a automobile company of Japanese origin

Estudo da viabilidade de implantação do INOVAR-AUTO utilizando o método do fluxo de caixa sob risco

The automobile industry has a growing importance in the Brazilian economic environment. The industry moves a huge chain that encompasses manufacturers, suppliers of raw materials, auto parts dealers, gas stations, insurance companies, repair shops, tire stores, media companies, advertising agencies, among others. Because of this importance in the current economic environment in Brazil, the federal government, through Law No. 12715 of 17 December 2012 established a Program for the Promotion of Innovation and Densification in the Productive Chain of Motor Vehicles called INOVAR-AUTO in order to support technological development, innovation, safety, environmental protection, energy efficiency and quality of cars, trucks, buses and auto parts. The specific purpose of this study, a simulation for discussion of the viability of the program implementation using the Monte Carlo Simulation combined with the Cash-Flow-at-Risk was performed. To this end, an exploratory and documentary literature on the subject was held as well as a case study in a automobile company of Japanese origin

Uma análise econômico-atuarial dos death bonds

Um death bond é um título emitido por uma instituição financeira para comprar uma apólice de seguro de vida de um segurado que deseja receber recursos ainda em vida. Este trabalho faz a precificação dos death bonds para ambos os gêneros e diferentes idades de contratação do seguro, empregando técnicas de modelagem atuarial. Os resultados iniciais mostram pouca atratividade para os investidores no título. Uma extensão do modelo mostra que se os investidores conseguirem identificar os segurados com as piores condições de saúde, os retornos são substancialmente mais elevados e os desvios-padrão são bastante reduzidos.