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010   $a9786612844539
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100   $a20100902d2009      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aFrom Lombard Street to Avenida Paulista$b[electronic resource] $eforeign exchange liquidity easing in Brazil in response to the global shock of 2008-09 /$fMark R. Stone, W. Christopher Walker, and Yosuke Yasui
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2009
215   $a1 online resource (53 p.)
225 1 $aIMF working paper ;$vWP/09/259
300   $aDescription based upon print version of record.
311   $a1-4519-1820-8 
320   $aIncludes bibliographical references.
327   $aCover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Medium and Large Emerging Market Economies, Number of Central Bank Foreign Exchange Liquidity Easing Measures, 2008-09; II. Background for Brazil; 1. Brazil-Exchange Rate level and Volatility During the Crisis; 2. Cupom Cambial and LIBOR; III. Policy Context; IV. Empirical Analysis; 2. Estimates of the Effect of the BCB's Announcements and Interventions on the Spot Rate15; 3. Estimates of the Effect of the BCB's Announcements and Interventions on the Implied Volatility
327   $a4. Estimates of the Effect of the BCB's Announcements and Interventions on Basis SpreadV. Closing Thoughts; 1. Cupom Cambial and Basis Spreads; 2. Foreign Exchange Measures of the Banco Central do Brasil, September 2008-May 2009; 3. Quotes from Lombard Street; 4. Data Description; 5. Unit Root Tests; References; Footnotes
330   $aThe provision of foreign exchange liquidity by emerging market central banks during the global shock of 2008-09 departs from the domestic liquidity lender of last resort role described by Bagehot in his classic ""Lombard Street."" This paper documents and analyzes the foreign exchange liquidity providing measures of the Banco Central do Brasil (BCB) in response to varied market stresses. These measures appear to have reduced the relative onshore cost of dollar liquidity on impact and seemed to stabilize market expectations of exchange rate volatility. The results suggest that foreign exchange 
410  0$aIMF working paper ;$vWP/09/259.
606   $aForeign exchange rates$zBrazil
606   $aFutures$zBrazil
608   $aElectronic books.
615  0$aForeign exchange rates
615  0$aFutures
700   $aStone$b Mark R$g(Mark Richard)$0119344
701   $aWalker$b W. Christopher$0991979
701   $aYasui$b Yosuke$0991980
712 02$aInternational Monetary Fund.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910463707203321
996   $aFrom Lombard Street to Avenida Paulista$92270333
997   $aUNINA