The 2008 Financial Crisis and its effects on credit supply in the Brazilian banking system - The stabilizing role of public banks
AbstractIn this paper, I show why Brazilian public banks acted as stabilizers of credit supply after the 2008 financial crisis. My analysis utilizes data from the Brazilian banking system and the seven largest Brazilian banks to evaluate the hypotheses posed by Micco and Panizza (2004). This analysis provides evidence that the stability or expansion of the deposit base was not the main factor that explains the less pro-cyclical behaviour of public banks after the crisis. In fact, an explicit stabilization mandate was observed. Public banks were able to maintain faster expansion of loans after the 2008 crisis ultimately due to the additional funding received from the government.
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Bibliographic InfoPaper provided by Hochschule fuer Technik und Wirtschaft, Berlin in its series Competence Centre on Money, Trade, Finance and Development with number 1209.
Length: 45 pages
Date of creation: Jul 2012
Date of revision:
Publication status: Published in Berlin Working Papers on Money, Finance, Trade and Development, July 2012
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Web page: http://finance-and-trade.htw-berlin.de
working paper; daadpartnership; finance-and-trade;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
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