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The Brazilian currency turmoil of 2002: a nonlinear analysis

โœ Scribed by Manuela Goretti

Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
211 KB
Volume
10
Category
Article
ISSN
1076-9307

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โœฆ Synopsis

This paper investigates the main sources of instability in Brazil during the currency and financial distress episode of 2002. We test for financial contagion from the Argentine crisis and the impact of factors including IMF intervention and political uncertainty in raising the probability of crisis. The empirical investigation employs a Markov-switching model with endogenous transition probabilities.

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The stability analysis of nonlinear feed
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โœ Tanes Khambanonda; Ahmet Palazoglu; Jose A. Romagnoli ๐Ÿ“‚ Article ๐Ÿ“… 1990 ๐Ÿ› American Institute of Chemical Engineers ๐ŸŒ English โš– 741 KB

## Abstract A stability condition is developed for multivariable, nonlinear feedback systems. The method is based on a modified sector condition and is combined with a polynomial expansion of the nonlinear system to create viable approximations that can be exploited within the sector bound setting.