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O Impacto De Requerimentos De Capital Na Oferta De Crédito Bancário No Brasil

Author

Listed:
  • Denis Blum
  • Márcio I. Nakane

Abstract

Over the last ten years, Brazilian banking system has been resilient to shocks, and its credit concession has been low in volume and expensive. This situation motivated the analysis of the relation between a banking regulation instrument that targets systemic stability - capital requirement - and the credit supply of Brazilian banks. A model was elaborated, with its central hypothesis being the incidence, in credit operations, of "regulation costs", negatively related to the capital level of a bank. Under this hypothesis, one expects to find, ceteris paribus, a positive relation between a bank credit supply and its Basel index. Besides, this relation should be exacerbated in banks whose Basel index stands below the minimum required. The hypothesis was tested through the estimation of the model using the generalized method of moments in nonaggregate Brazilian banking data. The results evidence the importance of capital regulation in banking decision of credit supply, in accordance with the model prediction.

Suggested Citation

  • Denis Blum & Márcio I. Nakane, 2005. "O Impacto De Requerimentos De Capital Na Oferta De Crédito Bancário No Brasil," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 085, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  • Handle: RePEc:anp:en2005:085
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    File URL: http://www.anpec.org.br/encontro2005/artigos/A05A085.pdf
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    References listed on IDEAS

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    1. Campbell, John Y, 1987. "Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis," Econometrica, Econometric Society, vol. 55(6), pages 1249-1273, November.
    2. Porcile, Gabriel & Curado, Marcelo, 2002. "Rigidez na Balança Comercial e Movimentos de Capital: Uma Abordagem Estruturalista," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 56(3), July.
    3. Campbell, John Y & Shiller, Robert J, 1987. "Cointegration and Tests of Present Value Models," Journal of Political Economy, University of Chicago Press, vol. 95(5), pages 1062-1088, October.
    4. Canuto, Otaviano & Holland, Márcio & Xavier, Clésio, 1998. "Taxas de Câmbio, Elasticidades-renda e Saldo Comercial na Economia Brasileira," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 52(2), April.
    5. Cinquetti, Carlos A., 2000. "The Real Plan: Stabilization and Destabilization," World Development, Elsevier, vol. 28(1), pages 155-171, January.
    6. Julio López G. & Alberto Cruz B., 2000. "“Thirlwall’s Law” and Beyond: The Latin American Experience," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 22(3), pages 477-495, March.
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    Cited by:

    1. Almeida, Daniel B. de Castro & Jayme Jr., Frederico G., 2008. "Bank consolidation and credit concentration in Brazil (1995-2004)," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

    More about this item

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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