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Impacto do Sistema Cooperativo de Crédito na Eficiência do Sistema Financeiro Nacional


  • Michel Alexandre da Silva


The aim of this paper is to analyze the impact of the Brazilian Cooperative Credit System (CCS) in the macroeconomic efficiency of the National Financial System (NFS), meant here as the capacity in supplying cheap financial services in a uniform way. Two aspects were evaluated: the participation of the CCS in the credit supply and the capillarity of the CCS. The paper concludes that the CCS contributes to the NFS efficiency in some aspects (e.g., greater share in poor-targeted credit), but not in others (e.g., greater absence in less developed regions).

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  • Michel Alexandre da Silva, 2011. "Impacto do Sistema Cooperativo de Crédito na Eficiência do Sistema Financeiro Nacional," Working Papers Series 246, Central Bank of Brazil, Research Department.
  • Handle: RePEc:bcb:wpaper:246

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    References listed on IDEAS

    1. Bowsher, Clive G. & Meeks, Roland, 2008. "The Dynamics of Economic Functions: Modeling and Forecasting the Yield Curve," Journal of the American Statistical Association, American Statistical Association, vol. 103(484), pages 1419-1437.
    2. Diebold, Francis X. & Li, Canlin, 2006. "Forecasting the term structure of government bond yields," Journal of Econometrics, Elsevier, vol. 130(2), pages 337-364, February.
    3. Vicente, José & Tabak, Benjamin M., 2008. "Forecasting bond yields in the Brazilian fixed income market," International Journal of Forecasting, Elsevier, vol. 24(3), pages 490-497.
    4. Diebold, Francis X & Mariano, Roberto S, 2002. "Comparing Predictive Accuracy," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 134-144, January.
    5. Nelson, Charles R & Siegel, Andrew F, 1987. "Parsimonious Modeling of Yield Curves," The Journal of Business, University of Chicago Press, vol. 60(4), pages 473-489, October.
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