Why does Brazil’s banking sector need public banks?: what should BNDES do?

Detalhes bibliográficos
Autor(a) principal: Rezende, Felipe
Data de Publicação: 2015
Tipo de documento: Outros
Idioma: por
Título da fonte: Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
Texto Completo: http://web.bndes.gov.br/bib/jspui/handle/1408/15540
Resumo: A obra pode ser disponibilizada de acordo com as especificações expressas no termo de Licenciamento de Direitos Autorais
id BNDES_edec3fcdf22a33cae15e6b955d5e6f4b
oai_identifier_str oai:web.bndes.gov.br:1408/15540
network_acronym_str BNDES
network_name_str Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
repository_id_str https://web.bndes.gov.br/bib/jspui/?locale=pt_BR
spelling Why does Brazil’s banking sector need public banks?: what should BNDES do?Banco Nacional de Desenvolvimento Econômico e Social (Brasil)Brazilian Development BankInstituições financeiras governamentais - BrasilGovernment financial institutions - BrazilSistema financeiro - BrasilFinancial system - BrazilA obra pode ser disponibilizada de acordo com as especificações expressas no termo de Licenciamento de Direitos AutoraisThe 2007–8 global financial crisis has shown the failure of private finance to efficiently allocate capital to finance real capital development. The resilience and stability of Brazil’s financial system has received attention, since it navigated relatively smoothly through the Great Recession and the collapse of the shadow banking system. This raises the question of whether it is possible that the alternative approaches followed by some developing countries might provide an indication of more stable regulatory approaches generally. There has been much discussion about how to support private long-term finance in order to meet Brazil’s growing infrastructure and investment needs. One of the essential functions of the financial system is to provide the long-term funding needed for long-lived and expensive capital assets. However, one of the main difficulties of the current private financial system is its failure to provide long-term financing, as the short-termism in Brazil’s financial market is a major obstacle to financing long-term assets. In its current form, the National Economic and Social Development Bank (BNDES) is the main source of long-term funding in the country. However, BNDES has been subject to a range of criticisms, such as crowding out private sector bank lending, and it is said to be hampering the development of the local capital market. This paper argues that, rather than following the traditional approach to justify the existence of public banks—and BNDES in particular, based on market failures—finding an effective answer to this question requires a theory of financial instability.Levy Economics Institute2018-08-29T14:31:56Z2018-08-29T14:31:56Z2015info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/other31 p.application/pdfREZENDE, Felipe. Why does Brazil’s banking sector need public banks? : what should BNDES do? . New York: Levy Economics Institute, 2015. 31 p. (Working paper; 825).http://web.bndes.gov.br/bib/jspui/handle/1408/15540Working paper (Levy Economics Institute);825Rezende, Felipeporreponame:Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Socialinstname:Banco Nacional de Desenvolvimento Econômico e Social (BNDES)instacron:BNDESinfo:eu-repo/semantics/openAccess2018-08-29T14:31:57Zoai:web.bndes.gov.br:1408/15540Repositório Temáticohttps://web.bndes.gov.br/bib/jspui/PUBhttp://web.bndes.gov.br/bib/oai/requestbiblioteca.digital@bndes.gov.br||biblioteca@economia.gov.bropendoar:https://web.bndes.gov.br/bib/jspui/?locale=pt_BR2018-08-29T14:31:57Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social - Banco Nacional de Desenvolvimento Econômico e Social (BNDES)false
dc.title.none.fl_str_mv Why does Brazil’s banking sector need public banks?: what should BNDES do?
title Why does Brazil’s banking sector need public banks?: what should BNDES do?
spellingShingle Why does Brazil’s banking sector need public banks?: what should BNDES do?
Rezende, Felipe
Banco Nacional de Desenvolvimento Econômico e Social (Brasil)
Brazilian Development Bank
Instituições financeiras governamentais - Brasil
Government financial institutions - Brazil
Sistema financeiro - Brasil
Financial system - Brazil
title_short Why does Brazil’s banking sector need public banks?: what should BNDES do?
title_full Why does Brazil’s banking sector need public banks?: what should BNDES do?
title_fullStr Why does Brazil’s banking sector need public banks?: what should BNDES do?
title_full_unstemmed Why does Brazil’s banking sector need public banks?: what should BNDES do?
title_sort Why does Brazil’s banking sector need public banks?: what should BNDES do?
author Rezende, Felipe
author_facet Rezende, Felipe
author_role author
dc.contributor.author.fl_str_mv Rezende, Felipe
dc.subject.por.fl_str_mv Banco Nacional de Desenvolvimento Econômico e Social (Brasil)
Brazilian Development Bank
Instituições financeiras governamentais - Brasil
Government financial institutions - Brazil
Sistema financeiro - Brasil
Financial system - Brazil
topic Banco Nacional de Desenvolvimento Econômico e Social (Brasil)
Brazilian Development Bank
Instituições financeiras governamentais - Brasil
Government financial institutions - Brazil
Sistema financeiro - Brasil
Financial system - Brazil
description A obra pode ser disponibilizada de acordo com as especificações expressas no termo de Licenciamento de Direitos Autorais
publishDate 2015
dc.date.none.fl_str_mv 2015
2018-08-29T14:31:56Z
2018-08-29T14:31:56Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/other
format other
status_str publishedVersion
dc.identifier.uri.fl_str_mv REZENDE, Felipe. Why does Brazil’s banking sector need public banks? : what should BNDES do? . New York: Levy Economics Institute, 2015. 31 p. (Working paper; 825).
http://web.bndes.gov.br/bib/jspui/handle/1408/15540
identifier_str_mv REZENDE, Felipe. Why does Brazil’s banking sector need public banks? : what should BNDES do? . New York: Levy Economics Institute, 2015. 31 p. (Working paper; 825).
url http://web.bndes.gov.br/bib/jspui/handle/1408/15540
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv Working paper (Levy Economics Institute);825
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 31 p.
application/pdf
dc.publisher.none.fl_str_mv Levy Economics Institute
publisher.none.fl_str_mv Levy Economics Institute
dc.source.none.fl_str_mv reponame:Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
instname:Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
instacron:BNDES
instname_str Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
instacron_str BNDES
institution BNDES
reponame_str Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
collection Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social
repository.name.fl_str_mv Biblioteca Digital do Banco Nacional de Desenvolvimento Econômico e Social - Banco Nacional de Desenvolvimento Econômico e Social (BNDES)
repository.mail.fl_str_mv biblioteca.digital@bndes.gov.br||biblioteca@economia.gov.br
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