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Changes in Reserve Requirements and Brazilian Banks' Stocks

Author

Listed:
  • Bruno De Lorenzi Cancelier Mazzucco

    (Universidade Federal de Santa Catarina)

  • Roberto Meurer

Abstract

In this study we tested the hypothesis that part of reserve requirements’ costs is paid by banks’ stockholders, instead of only by depositors and borrowers. Through an event study of fourteen regulatory changes between 1998 and 2010, we investigated the existence of abnormal returns. The results suggest that stockholders share the costs.

Suggested Citation

  • Bruno De Lorenzi Cancelier Mazzucco & Roberto Meurer, 2013. "Changes in Reserve Requirements and Brazilian Banks' Stocks," Brazilian Review of Finance, Brazilian Society of Finance, vol. 11(3), pages 399-420.
    • Handle: RePEc:brf:journl:v:11:y:2013:i:3:p:399-420
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    More about this item

    Keywords

    Event study; reserve requirements; Brazilian banks;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other

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