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The 2008 Financial Crisis and its effects on credit supply in the Brazilian banking system - The stabilizing role of public banks

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  • Juliano Adolfo Wide Pissetti
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    Abstract

    In 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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    File URL: http://finance-and-trade.htw-berlin.de/fileadmin/working_paper_series/wp09_Pissetti_The_2008_Financial_Crisis_and_its_effects_on_credit_supply.pdf
    File Function: First version, 2012
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    Bibliographic Info

    Paper provided by Hochschule fuer Technik und Wirtschaft, Berlin in its series Competence Centre on Money, Trade, Finance and Development with number 1209.

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    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
    Handle: RePEc:mtf:wpaper:1209

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    Web page: http://finance-and-trade.htw-berlin.de

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    Keywords: working paper; daadpartnership; finance-and-trade;

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