Macroprudential policies and bank competition between 2009 and 2016

Detalhes bibliográficos
Autor(a) principal: Shinkoda, Marcelo Henrique
Data de Publicação: 2019
Outros Autores: Braga, Marcelo José
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Aplicada
Texto Completo: https://www.revistas.usp.br/ecoa/article/view/146483
Resumo: The objective of this study was to analyze whether macroprudential/competitive policies published between 2009 and 2016 directly or indirectly affected the competitive behavior of financial institutions. For this purpose, H-statistic, by Panzar e Rosse, was used. The data were constituted by a panel with 44 banking institutions that acted in Brazil in the period. The results indicated that the conduct of financial institutions was, from 2009 to 2013, a monopoly, became a neutral conduct between 2014 and 2015 and thereafter a monopolistic competition. It was concluded that the credit portability policy (published in December 2013) was the one that had an impact of neutrality on the competition of the financial institutions, whereas the Basel III from 2015 on made the competitive behavior of sector.
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spelling Macroprudential policies and bank competition between 2009 and 2016As políticas macroprudenciais e a concorrência bancária entre 2009 e 2016bank competitionbanksH-statisticcompetição bancáriabancosestatística HThe objective of this study was to analyze whether macroprudential/competitive policies published between 2009 and 2016 directly or indirectly affected the competitive behavior of financial institutions. For this purpose, H-statistic, by Panzar e Rosse, was used. The data were constituted by a panel with 44 banking institutions that acted in Brazil in the period. The results indicated that the conduct of financial institutions was, from 2009 to 2013, a monopoly, became a neutral conduct between 2014 and 2015 and thereafter a monopolistic competition. It was concluded that the credit portability policy (published in December 2013) was the one that had an impact of neutrality on the competition of the financial institutions, whereas the Basel III from 2015 on made the competitive behavior of sector.O objetivo deste trabalho foi analisar se as políticas macroprudenciais/concorrenciais editadas entre 2009 e 2016 afetaram direta ou indiretamente a conduta concorrencial das instituições financeiras. Para isso, utilizou-se a estatística H de Panzar e Rosse. Os dados foram constituídos por um painel com 44 instituições bancárias que atuaram no Brasil no período. Os resultados indicaram que a conduta das instituições financeiras foi, entre 2009 e 2013, de um monopólio, passando a uma conduta neutra entre 2014 e 2015 e, a partir de então, uma concorrência monopolística. Concluiu-se que a política de portabilidade do crédito (editada em dezembro de 2013) foi a que teve impacto de neutralidade sobre a competição das instituições financeiras, enquanto que a exigibilidade de Basileia III a partir de 2015 efetivou a conduta competitiva do setor.Universidade de São Paulo, FEA-RP/USP2019-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/14648310.11606/1980-5330/ea146483Economia Aplicada; Vol. 23 No. 3 (2019); 83-112Economia Aplicada; Vol. 23 Núm. 3 (2019); 83-112Economia Aplicada; v. 23 n. 3 (2019); 83-1121980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPporhttps://www.revistas.usp.br/ecoa/article/view/146483/160987Copyright (c) 2019 Economia Aplicadainfo:eu-repo/semantics/openAccessShinkoda, Marcelo HenriqueBraga, Marcelo José2020-08-04T15:57:16Zoai:revistas.usp.br:article/146483Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-09-13T12:17:12.046357Economia Aplicada - Universidade de São Paulo (USP)false
dc.title.none.fl_str_mv Macroprudential policies and bank competition between 2009 and 2016
As políticas macroprudenciais e a concorrência bancária entre 2009 e 2016
title Macroprudential policies and bank competition between 2009 and 2016
spellingShingle Macroprudential policies and bank competition between 2009 and 2016
Shinkoda, Marcelo Henrique
bank competition
banks
H-statistic
competição bancária
bancos
estatística H
title_short Macroprudential policies and bank competition between 2009 and 2016
title_full Macroprudential policies and bank competition between 2009 and 2016
title_fullStr Macroprudential policies and bank competition between 2009 and 2016
title_full_unstemmed Macroprudential policies and bank competition between 2009 and 2016
title_sort Macroprudential policies and bank competition between 2009 and 2016
author Shinkoda, Marcelo Henrique
author_facet Shinkoda, Marcelo Henrique
Braga, Marcelo José
author_role author
author2 Braga, Marcelo José
author2_role author
dc.contributor.author.fl_str_mv Shinkoda, Marcelo Henrique
Braga, Marcelo José
dc.subject.por.fl_str_mv bank competition
banks
H-statistic
competição bancária
bancos
estatística H
topic bank competition
banks
H-statistic
competição bancária
bancos
estatística H
description The objective of this study was to analyze whether macroprudential/competitive policies published between 2009 and 2016 directly or indirectly affected the competitive behavior of financial institutions. For this purpose, H-statistic, by Panzar e Rosse, was used. The data were constituted by a panel with 44 banking institutions that acted in Brazil in the period. The results indicated that the conduct of financial institutions was, from 2009 to 2013, a monopoly, became a neutral conduct between 2014 and 2015 and thereafter a monopolistic competition. It was concluded that the credit portability policy (published in December 2013) was the one that had an impact of neutrality on the competition of the financial institutions, whereas the Basel III from 2015 on made the competitive behavior of sector.
publishDate 2019
dc.date.none.fl_str_mv 2019-09-01
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://www.revistas.usp.br/ecoa/article/view/146483
10.11606/1980-5330/ea146483
url https://www.revistas.usp.br/ecoa/article/view/146483
identifier_str_mv 10.11606/1980-5330/ea146483
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://www.revistas.usp.br/ecoa/article/view/146483/160987
dc.rights.driver.fl_str_mv Copyright (c) 2019 Economia Aplicada
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Economia Aplicada
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
publisher.none.fl_str_mv Universidade de São Paulo, FEA-RP/USP
dc.source.none.fl_str_mv Economia Aplicada; Vol. 23 No. 3 (2019); 83-112
Economia Aplicada; Vol. 23 Núm. 3 (2019); 83-112
Economia Aplicada; v. 23 n. 3 (2019); 83-112
1980-5330
1413-8050
reponame:Economia Aplicada
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Economia Aplicada
collection Economia Aplicada
repository.name.fl_str_mv Economia Aplicada - Universidade de São Paulo (USP)
repository.mail.fl_str_mv ||revecap@usp.br
_version_ 1800221695928172544

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