The role of bank branches in local credit markets: evidence from Brazil

Detalhes bibliográficos
Autor(a) principal: Mariana Pereira Suplicy
Data de Publicação: 2016
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Biblioteca Digital de Teses e Dissertações da USP
Texto Completo: https://doi.org/10.11606/D.12.2016.tde-06052016-150907
Resumo: Credit is seen in Economic Literature as one of development drivers, promoting investment, smoothing consumption, allowing for risk sharing and the use of new production technologies. Our objective is to analyze if the physical presence of banks through bank branches is still relevant to develop local credit markets in Brazil. Since there are unobservable market characteristics that could drive both credit and bank entry, the relation between credit and branches may suffer from endogeneity. Therefore, the simple regression of credit on bank branches would be biased. To try to deal with this endogeneity, we employ an IO framework to model firm entry and use the estimated result as an instrument for observed bank branches. We find that estimations using expected values or predicted probabilities of bank branches show little to no effect of bank branches on credit. The same result is achieved when using a second IO model as an additional analysiss
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spelling info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesis The role of bank branches in local credit markets: evidence from Brazil O papel da agência bancária no mercado municipal de crédito: evidências do Brasil 2016-01-22Gabriel de Abreu MadeiraKlênio de Souza BarbosaFabio Adriano Miessi SanchesMariana Pereira SuplicyUniversidade de São PauloEconomiaUSPBR Access to financial services Acesso a serviços financeiros Agência bancária Banco comercial Bank branch Credit Crédito Desenvolvimento econômico Development Retail bank Credit is seen in Economic Literature as one of development drivers, promoting investment, smoothing consumption, allowing for risk sharing and the use of new production technologies. Our objective is to analyze if the physical presence of banks through bank branches is still relevant to develop local credit markets in Brazil. Since there are unobservable market characteristics that could drive both credit and bank entry, the relation between credit and branches may suffer from endogeneity. Therefore, the simple regression of credit on bank branches would be biased. To try to deal with this endogeneity, we employ an IO framework to model firm entry and use the estimated result as an instrument for observed bank branches. We find that estimations using expected values or predicted probabilities of bank branches show little to no effect of bank branches on credit. The same result is achieved when using a second IO model as an additional analysiss A Literatura Econômica de desenvolvimento aponta o crédito como um dos determinantes do desenvolvimento econômico, que promove investimentos, suavização do consumo, mitigação do risco e uso de novas tecnologias de produção. O objetivo deste trabalho consiste em analisar se a presença física de bancos por meio da agência bancária ainda é relevante para o desenvolvimento de mercados locais de crédito no Brasil. A relação entre crédito e agências bancárias pode sofrer de endogeneidade, uma vez que existem características de mercado não-observáveis que podem afetar tanto crédito quanto a entrada de bancos nos mercados. Para tratar esta endogeneidade, se propõe o uso de um framework de OI para modelar a decisão de entrada de firmas. A partir destes modelos, utiliza-se o resultado previsto como instrumento para as agências bancárias observadas. O resultado encontrado é de que, ao utilizar o valor esperado de agências ou a probabilidade estimada de haver agência, o impacto de agência em crédito se reduz significativamente e é nulo na maioria das especificações e para a maior parte dos anos da amostra. O uso de um segundo modelo de OI como teste secundário teve o mesmo resultado https://doi.org/10.11606/D.12.2016.tde-06052016-150907info:eu-repo/semantics/openAccessengreponame:Biblioteca Digital de Teses e Dissertações da USPinstname:Universidade de São Paulo (USP)instacron:USP2023-12-21T18:19:19Zoai:teses.usp.br:tde-06052016-150907Biblioteca Digital de Teses e Dissertaçõeshttp://www.teses.usp.br/PUBhttp://www.teses.usp.br/cgi-bin/mtd2br.plvirginia@if.usp.br|| atendimento@aguia.usp.br||virginia@if.usp.bropendoar:27212023-12-22T12:13:11.535151Biblioteca Digital de Teses e Dissertações da USP - Universidade de São Paulo (USP)false
dc.title.en.fl_str_mv The role of bank branches in local credit markets: evidence from Brazil
dc.title.alternative.pt.fl_str_mv O papel da agência bancária no mercado municipal de crédito: evidências do Brasil
title The role of bank branches in local credit markets: evidence from Brazil
spellingShingle The role of bank branches in local credit markets: evidence from Brazil
Mariana Pereira Suplicy
title_short The role of bank branches in local credit markets: evidence from Brazil
title_full The role of bank branches in local credit markets: evidence from Brazil
title_fullStr The role of bank branches in local credit markets: evidence from Brazil
title_full_unstemmed The role of bank branches in local credit markets: evidence from Brazil
title_sort The role of bank branches in local credit markets: evidence from Brazil
author Mariana Pereira Suplicy
author_facet Mariana Pereira Suplicy
author_role author
dc.contributor.advisor1.fl_str_mv Gabriel de Abreu Madeira
dc.contributor.referee1.fl_str_mv Klênio de Souza Barbosa
dc.contributor.referee2.fl_str_mv Fabio Adriano Miessi Sanches
dc.contributor.author.fl_str_mv Mariana Pereira Suplicy
contributor_str_mv Gabriel de Abreu Madeira
Klênio de Souza Barbosa
Fabio Adriano Miessi Sanches
description Credit is seen in Economic Literature as one of development drivers, promoting investment, smoothing consumption, allowing for risk sharing and the use of new production technologies. Our objective is to analyze if the physical presence of banks through bank branches is still relevant to develop local credit markets in Brazil. Since there are unobservable market characteristics that could drive both credit and bank entry, the relation between credit and branches may suffer from endogeneity. Therefore, the simple regression of credit on bank branches would be biased. To try to deal with this endogeneity, we employ an IO framework to model firm entry and use the estimated result as an instrument for observed bank branches. We find that estimations using expected values or predicted probabilities of bank branches show little to no effect of bank branches on credit. The same result is achieved when using a second IO model as an additional analysiss
publishDate 2016
dc.date.issued.fl_str_mv 2016-01-22
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.uri.fl_str_mv https://doi.org/10.11606/D.12.2016.tde-06052016-150907
url https://doi.org/10.11606/D.12.2016.tde-06052016-150907
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Universidade de São Paulo
dc.publisher.program.fl_str_mv Economia
dc.publisher.initials.fl_str_mv USP
dc.publisher.country.fl_str_mv BR
publisher.none.fl_str_mv Universidade de São Paulo
dc.source.none.fl_str_mv reponame:Biblioteca Digital de Teses e Dissertações da USP
instname:Universidade de São Paulo (USP)
instacron:USP
instname_str Universidade de São Paulo (USP)
instacron_str USP
institution USP
reponame_str Biblioteca Digital de Teses e Dissertações da USP
collection Biblioteca Digital de Teses e Dissertações da USP
repository.name.fl_str_mv Biblioteca Digital de Teses e Dissertações da USP - Universidade de São Paulo (USP)
repository.mail.fl_str_mv virginia@if.usp.br|| atendimento@aguia.usp.br||virginia@if.usp.br
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