IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Centralidade e hierarquia do sistema financeiro brasileiro [Centrality and hierarchy of the Brazilian financial system]

Listed author(s):
  • Marco Crocco


The purpose of this article is to analyze the relationship between the financial system and the degree of centrality of the city where it is located. Initially, a unique theoretical discussion is conducted to analyze how the degree of centrality can affect the behavior of a bank in a specific location, based on the theory of liquidity preference and the concept of endogenous currency supply derived by Keynes (1937). After this theoretical discussion, an empirical investigation is conducted of the Brazilian case. A hierarchy of Brazilian municipalities is proposed, based on the hierarchy of the financial system in them. Based on this hierarchy, the behavior of the banking system is analyzed at each hierarchical level. The study concludes that space is an important element in the definition of the ways banking system operates, with clear consequences for the economic development of the regions.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

File URL:
Download Restriction: no

Article provided by Economics Department, Universidade Federal de Minas Gerais (Brazil) in its journal Nova Economia.

Volume (Year): 22 (2012)
Issue (Month): 1 (January-April)
Pages: 31-79

in new window

Handle: RePEc:nov:artigo:v:22:y:2012:i:1:p:31-79
Contact details of provider: Postal:
Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil

Phone: +55 31 3409-7000
Web page:

More information through EDIRC

Order Information: Postal: Av. Antonio Carlos, 6627 - Predio da FACE Belo Horizonte, 31270-901 Brazil
Web: Email:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:nov:artigo:v:22:y:2012:i:1:p:31-79. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bárbara Freitas Paglioto)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.