Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015

Detalhes bibliográficos
Autor(a) principal: Kluth, Fabian
Data de Publicação: 2015
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Repositório Institucional da UFSCAR
Texto Completo: https://repositorio.ufscar.br/handle/ufscar/8594
Resumo: In considering the evolution of credit and rising inflationary pressure observed in Brazil between 2007 and 2015 this research investigates how the Central Bank of Brazil, given its goal of inflation targeting, acted in providing reserves to support the observed credit growth in recent years. The econometric method used for analysis consisted of applying Granger causality tests using data from the Central Bank of Brazil. We conclude that the amount of money were defined by demand and had no impact on the determination of the nominal product. The central bank, in turn, provided the necessary reserves in accordance to the volume of deposits. Together, these results provide support to the notion of endogenous money supply in the period.
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spelling Kluth, FabianRodrigues, Rodrigo Vilelahttp://lattes.cnpq.br/7066100737307566http://lattes.cnpq.br/52125328763531365438629a-6bbf-4e8a-930c-8ef5c00f21c92017-03-21T18:10:22Z2017-03-21T18:10:22Z2015-09-04KLUTH, Fabian. Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015. 2015. Dissertação (Mestrado em Economia) – Universidade Federal de São Carlos, Sorocaba, 2015. Disponível em: https://repositorio.ufscar.br/handle/ufscar/8594.https://repositorio.ufscar.br/handle/ufscar/8594In considering the evolution of credit and rising inflationary pressure observed in Brazil between 2007 and 2015 this research investigates how the Central Bank of Brazil, given its goal of inflation targeting, acted in providing reserves to support the observed credit growth in recent years. The econometric method used for analysis consisted of applying Granger causality tests using data from the Central Bank of Brazil. We conclude that the amount of money were defined by demand and had no impact on the determination of the nominal product. The central bank, in turn, provided the necessary reserves in accordance to the volume of deposits. Together, these results provide support to the notion of endogenous money supply in the period.Considerando a evolução do crédito e crescente pressão inflacionária observados no Brasil entre 2007 e 2015 esta pesquisa investiga como o Banco Central do Brasil, dada sua missão de controlar a inflação, atuou na provisão de reservas para suportar o crescimento do crédito observado no período recente. O método econométrico empregado para análise foi composto por aplicação de testes de causalidade de Granger utilizando dados do Banco Central do Brasil. Resulta da pesquisa que a quantidade de moeda foi definida pelas necessidades da demanda e não teve implicações na determinação do produto nominal. O banco central, por sua vez, forneceu as reservas necessárias conforme o volume de depósitos. Em conjunto, estes resultados corroboram a noção de oferta monetária endógena no período.Não recebi financiamentoporUniversidade Federal de São CarlosCâmpus SorocabaPrograma de Pós-Graduação em Economia - PPGEc-SoUFSCarCréditoBanco CentralOferta monetária endógenaCreditBanks and banking, CentralEndogenous Money SupplyCIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA MONETARIA E FISCAL::INSTITUICOES MONETARIAS E FINANCEIRAS DO BRASILUma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015An analysis over credit and central bank controls in Brazil bctwcen 2007 and20 15info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisOnline6001fb7c34f-7d60-4f87-95a6-de6396beac5cinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFSCARinstname:Universidade Federal de São Carlos (UFSCAR)instacron:UFSCARORIGINALKLUTH_Fabian_2016.pdfKLUTH_Fabian_2016.pdfapplication/pdf29028293https://repositorio.ufscar.br/bitstream/ufscar/8594/1/KLUTH_Fabian_2016.pdf4c1628e5b0d9da5129a16fe0ade37304MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-81957https://repositorio.ufscar.br/bitstream/ufscar/8594/2/license.txtae0398b6f8b235e40ad82cba6c50031dMD52TEXTKLUTH_Fabian_2016.pdf.txtKLUTH_Fabian_2016.pdf.txtExtracted texttext/plain68https://repositorio.ufscar.br/bitstream/ufscar/8594/3/KLUTH_Fabian_2016.pdf.txt9eec3193b30ba740bfbb5c77748cd9abMD53THUMBNAILKLUTH_Fabian_2016.pdf.jpgKLUTH_Fabian_2016.pdf.jpgIM Thumbnailimage/jpeg5400https://repositorio.ufscar.br/bitstream/ufscar/8594/4/KLUTH_Fabian_2016.pdf.jpg35df33112490add55ce71ceeeaffe1e8MD54ufscar/85942023-09-18 18:31:05.756oai:repositorio.ufscar.br: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Repositório InstitucionalPUBhttps://repositorio.ufscar.br/oai/requestopendoar:43222023-09-18T18:31:05Repositório Institucional da UFSCAR - Universidade Federal de São Carlos (UFSCAR)false
dc.title.por.fl_str_mv Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
dc.title.alternative.eng.fl_str_mv An analysis over credit and central bank controls in Brazil bctwcen 2007 and20 15
title Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
spellingShingle Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
Kluth, Fabian
Crédito
Banco Central
Oferta monetária endógena
Credit
Banks and banking, Central
Endogenous Money Supply
CIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA MONETARIA E FISCAL::INSTITUICOES MONETARIAS E FINANCEIRAS DO BRASIL
title_short Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
title_full Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
title_fullStr Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
title_full_unstemmed Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
title_sort Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015
author Kluth, Fabian
author_facet Kluth, Fabian
author_role author
dc.contributor.authorlattes.por.fl_str_mv http://lattes.cnpq.br/5212532876353136
dc.contributor.author.fl_str_mv Kluth, Fabian
dc.contributor.advisor1.fl_str_mv Rodrigues, Rodrigo Vilela
dc.contributor.advisor1Lattes.fl_str_mv http://lattes.cnpq.br/7066100737307566
dc.contributor.authorID.fl_str_mv 5438629a-6bbf-4e8a-930c-8ef5c00f21c9
contributor_str_mv Rodrigues, Rodrigo Vilela
dc.subject.por.fl_str_mv Crédito
Banco Central
Oferta monetária endógena
topic Crédito
Banco Central
Oferta monetária endógena
Credit
Banks and banking, Central
Endogenous Money Supply
CIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA MONETARIA E FISCAL::INSTITUICOES MONETARIAS E FINANCEIRAS DO BRASIL
dc.subject.eng.fl_str_mv Credit
Banks and banking, Central
Endogenous Money Supply
dc.subject.cnpq.fl_str_mv CIENCIAS SOCIAIS APLICADAS::ECONOMIA::ECONOMIA MONETARIA E FISCAL::INSTITUICOES MONETARIAS E FINANCEIRAS DO BRASIL
description In considering the evolution of credit and rising inflationary pressure observed in Brazil between 2007 and 2015 this research investigates how the Central Bank of Brazil, given its goal of inflation targeting, acted in providing reserves to support the observed credit growth in recent years. The econometric method used for analysis consisted of applying Granger causality tests using data from the Central Bank of Brazil. We conclude that the amount of money were defined by demand and had no impact on the determination of the nominal product. The central bank, in turn, provided the necessary reserves in accordance to the volume of deposits. Together, these results provide support to the notion of endogenous money supply in the period.
publishDate 2015
dc.date.issued.fl_str_mv 2015-09-04
dc.date.accessioned.fl_str_mv 2017-03-21T18:10:22Z
dc.date.available.fl_str_mv 2017-03-21T18:10:22Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.citation.fl_str_mv KLUTH, Fabian. Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015. 2015. Dissertação (Mestrado em Economia) – Universidade Federal de São Carlos, Sorocaba, 2015. Disponível em: https://repositorio.ufscar.br/handle/ufscar/8594.
dc.identifier.uri.fl_str_mv https://repositorio.ufscar.br/handle/ufscar/8594
identifier_str_mv KLUTH, Fabian. Uma análise sobre créditos e os controles do Banco Central no Brasil entre 2007 e 2015. 2015. Dissertação (Mestrado em Economia) – Universidade Federal de São Carlos, Sorocaba, 2015. Disponível em: https://repositorio.ufscar.br/handle/ufscar/8594.
url https://repositorio.ufscar.br/handle/ufscar/8594
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dc.publisher.none.fl_str_mv Universidade Federal de São Carlos
Câmpus Sorocaba
dc.publisher.program.fl_str_mv Programa de Pós-Graduação em Economia - PPGEc-So
dc.publisher.initials.fl_str_mv UFSCar
publisher.none.fl_str_mv Universidade Federal de São Carlos
Câmpus Sorocaba
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