BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS

Detalhes bibliográficos
Autor(a) principal: Fucidji, José Ricardo
Data de Publicação: 2010
Outros Autores: de Prince, Diogo
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/6066
Resumo: This paper brings some new evidence on the banking behavior concerning credit, using bank-level data of the thirteen largest banks located in Brazil (domestic and foreign). After a brief overview of the literature on the Brazilian banking sector restructuring (following the Real Plan) and lending behavior, we implement a panel data analysis on our sample, from March 2001 to June 2006. The main results are: (1) a robust negative correlation between public bonds purchase and lending; and (2) a robust positive correlation between demand deposits, leverage and GDP at constant prices, on the one hand; and lending, on the other hand. These findings, particularly leverage and public bonds purchase, seem to confirm high liquidity-preference of the banking sector. Brazilian prime rate (Selic) and Basle index, also included, were of no-significance.
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spelling BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONSDETERMINANTES DO CRÉDITO BANCÁRIO: UMA ANÁLISE COM DADOS EM PAINEL PARA AS MAIORES INSTITUIÇÕESBanking sector. Lending. Banking strategy.G20G21G28Setor bancário. Crédito. Estratégias bancárias.This paper brings some new evidence on the banking behavior concerning credit, using bank-level data of the thirteen largest banks located in Brazil (domestic and foreign). After a brief overview of the literature on the Brazilian banking sector restructuring (following the Real Plan) and lending behavior, we implement a panel data analysis on our sample, from March 2001 to June 2006. The main results are: (1) a robust negative correlation between public bonds purchase and lending; and (2) a robust positive correlation between demand deposits, leverage and GDP at constant prices, on the one hand; and lending, on the other hand. These findings, particularly leverage and public bonds purchase, seem to confirm high liquidity-preference of the banking sector. Brazilian prime rate (Selic) and Basle index, also included, were of no-significance.Este trabalho apresenta novas evidências empíricas sobre o comportamento do crédito bancário, usando dados das treze maiores instituições bancárias locais. Após uma breve revisão da literatura sobre as mudanças no setor bancário após o Plano Real e a oferta de crédito, estimamos dados em painel para a amostra de bancos no período de março de 2001 a junho de 2006. Nossos principais resultados são (1) uma correlação inversa robusta entre operações de crédito e aplicações em títulos públicos; (2) correlação positiva e robusta entre grau de alavancagem e PIB a preços constantes, de um lado; e operações de crédito, de outro. As variáveis grau de alavancagem e aplicações em títulos públicos parecem confirmar a elevada preferência pela liquidez do setor bancário. A taxa Selic e o índice da Basiléia, também incluídos, não eram estatisticamente significativos.UFRGS2010-03-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/606610.22456/2176-5456.6066Análise Econômica; Vol. 27 No. 52 (2009): setembro de 2009Análise Econômica; v. 27 n. 52 (2009): setembro de 20092176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/6066/7461Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessFucidji, José Ricardode Prince, Diogo2019-08-29T12:37:08Zoai:seer.ufrgs.br:article/6066Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2019-08-29T12:37:08Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
DETERMINANTES DO CRÉDITO BANCÁRIO: UMA ANÁLISE COM DADOS EM PAINEL PARA AS MAIORES INSTITUIÇÕES
title BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
spellingShingle BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
Fucidji, José Ricardo
Banking sector. Lending. Banking strategy.
G20
G21
G28
Setor bancário. Crédito. Estratégias bancárias.
title_short BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
title_full BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
title_fullStr BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
title_full_unstemmed BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
title_sort BANKING CREDIT IN BRAZIL: A PANEL DATA ANALYSIS OF LARGER INSTITUTIONS
author Fucidji, José Ricardo
author_facet Fucidji, José Ricardo
de Prince, Diogo
author_role author
author2 de Prince, Diogo
author2_role author
dc.contributor.author.fl_str_mv Fucidji, José Ricardo
de Prince, Diogo
dc.subject.por.fl_str_mv Banking sector. Lending. Banking strategy.
G20
G21
G28
Setor bancário. Crédito. Estratégias bancárias.
topic Banking sector. Lending. Banking strategy.
G20
G21
G28
Setor bancário. Crédito. Estratégias bancárias.
description This paper brings some new evidence on the banking behavior concerning credit, using bank-level data of the thirteen largest banks located in Brazil (domestic and foreign). After a brief overview of the literature on the Brazilian banking sector restructuring (following the Real Plan) and lending behavior, we implement a panel data analysis on our sample, from March 2001 to June 2006. The main results are: (1) a robust negative correlation between public bonds purchase and lending; and (2) a robust positive correlation between demand deposits, leverage and GDP at constant prices, on the one hand; and lending, on the other hand. These findings, particularly leverage and public bonds purchase, seem to confirm high liquidity-preference of the banking sector. Brazilian prime rate (Selic) and Basle index, also included, were of no-significance.
publishDate 2010
dc.date.none.fl_str_mv 2010-03-31
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/6066
10.22456/2176-5456.6066
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/6066
identifier_str_mv 10.22456/2176-5456.6066
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/6066/7461
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. 27 No. 52 (2009): setembro de 2009
Análise Econômica; v. 27 n. 52 (2009): setembro de 2009
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
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