In this crisis, the search for high financial earnings showed its
consequences in a more overwhelming way, on what concerns both the risks (and
losses) to which the corporations were exposed and the macroeconomic impacts
provoked by its magnitude in a context of deep risk aversion. Such debate, in
spite of still incipient, began with the disclosure of the negative results of several
productive companies from emerging economies, resulting from operations
with financial derivatives in the exchange market. Based on what is known in
the moment, that process reached companies in Brazil, China, South Korea,
India, and Mexico. In those emerging economies, in different degrees, the great
international banks are present and many of those companies alleged they have
been deceived by them in establishing asymmetrical contracts of derivatives.
In Brazil, national financial institutions also participated in the movement,
differently, for instance, of Mexico, whose banking sector is dominated by
international players.