EXPORT FINANCING IN BRASIL

Detalhes bibliográficos
Autor(a) principal: Rossi, Pedro
Data de Publicação: 2013
Outros Autores: Prates, Daniela Magalhães
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/14894
Resumo: This paper characterizes public and private export credit instruments and presents a recent overview of this market in Brazil. For this, we analyze the “Advances on Exchange Contracts” (ACC), export prepayment operations, BNDES-Exim and Proex with regard to its main operational aspects, the demand profile and the credit demand and supply constraints. One important characteristic of this market, highlighted in this paper, is the close link with international market which influences funding provision for private financing instruments and part of credit demand dynamics that is associated with financial possibilities of gains from external and internal interest rate differential and anticipation of future exchange rate movements. The research is based on interviews information with financial institutions, available data on bank balance sheets, Brazilian Central Bank data and a special tabulation provided by BNDES.
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spelling EXPORT FINANCING IN BRASILFINANCIAMENTO ÀS EXPORTAÇÕES NO BRASILCréditoExportaçãoACCF13F40O24F13F40O24CreditExportACCThis paper characterizes public and private export credit instruments and presents a recent overview of this market in Brazil. For this, we analyze the “Advances on Exchange Contracts” (ACC), export prepayment operations, BNDES-Exim and Proex with regard to its main operational aspects, the demand profile and the credit demand and supply constraints. One important characteristic of this market, highlighted in this paper, is the close link with international market which influences funding provision for private financing instruments and part of credit demand dynamics that is associated with financial possibilities of gains from external and internal interest rate differential and anticipation of future exchange rate movements. The research is based on interviews information with financial institutions, available data on bank balance sheets, Brazilian Central Bank data and a special tabulation provided by BNDES.Este artigo caracteriza os instrumentos públicos e privados de crédito à exportação e traça um panorama recente desse mercado no Brasil. Para isso, analisam-se os Adiantamentos de Contrato de Câmbio (ACC), as operações de pré-pagamento, o BNDES-Exim e o Programa de Financiamento às Exportações (Proex), no que se refere aos seus principais aspectos operacionais, o perfil dos demandantes e os condicionantes da demanda e oferta de crédito. Destaca-se, como particularidade desse mercado, a ligação estreita com o mercado internacional, que condiciona a oferta de funding dos instrumentos privados de financiamento e confere à parte da demanda por crédito uma dinâmica financeira associada às possibilidades de ganhos com o diferencial entre os juros externo e interno e com a antecipação dos movimentos futuros da taxa de câmbio. A pesquisa se baseia em informações oriundas de entrevistas junto às instituições financeiras, em dados disponíveis nos balanços dos bancos, nas séries temporais do Banco Central do Brasil e numa tabulação especial fornecida pelo BNDES.UFRGS2013-04-03info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/1489410.22456/2176-5456.14894Análise Econômica; Vol. 31 No. 59 (2013): março de 2013Análise Econômica; v. 31 n. 59 (2013): março de 20132176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/14894/24674Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessRossi, PedroPrates, Daniela Magalhães2013-09-13T18:35:33Zoai:seer.ufrgs.br:article/14894Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2013-09-13T18:35:33Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv EXPORT FINANCING IN BRASIL
FINANCIAMENTO ÀS EXPORTAÇÕES NO BRASIL
title EXPORT FINANCING IN BRASIL
spellingShingle EXPORT FINANCING IN BRASIL
Rossi, Pedro
Crédito
Exportação
ACC
F13
F40
O24
F13
F40
O24
Credit
Export
ACC
title_short EXPORT FINANCING IN BRASIL
title_full EXPORT FINANCING IN BRASIL
title_fullStr EXPORT FINANCING IN BRASIL
title_full_unstemmed EXPORT FINANCING IN BRASIL
title_sort EXPORT FINANCING IN BRASIL
author Rossi, Pedro
author_facet Rossi, Pedro
Prates, Daniela Magalhães
author_role author
author2 Prates, Daniela Magalhães
author2_role author
dc.contributor.author.fl_str_mv Rossi, Pedro
Prates, Daniela Magalhães
dc.subject.por.fl_str_mv Crédito
Exportação
ACC
F13
F40
O24
F13
F40
O24
Credit
Export
ACC
topic Crédito
Exportação
ACC
F13
F40
O24
F13
F40
O24
Credit
Export
ACC
description This paper characterizes public and private export credit instruments and presents a recent overview of this market in Brazil. For this, we analyze the “Advances on Exchange Contracts” (ACC), export prepayment operations, BNDES-Exim and Proex with regard to its main operational aspects, the demand profile and the credit demand and supply constraints. One important characteristic of this market, highlighted in this paper, is the close link with international market which influences funding provision for private financing instruments and part of credit demand dynamics that is associated with financial possibilities of gains from external and internal interest rate differential and anticipation of future exchange rate movements. The research is based on interviews information with financial institutions, available data on bank balance sheets, Brazilian Central Bank data and a special tabulation provided by BNDES.
publishDate 2013
dc.date.none.fl_str_mv 2013-04-03
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/14894
10.22456/2176-5456.14894
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/14894
identifier_str_mv 10.22456/2176-5456.14894
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/14894/24674
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 31 No. 59 (2013): março de 2013
Análise Econômica; v. 31 n. 59 (2013): março de 2013
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
_version_ 1799766266974568448

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