IDEAS home Printed from https://ideas.repec.org/p/bcb/wpaper/298.html
   My bibliography  Save this paper

Atuação de Bancos Estrangeiros no Brasil: mercado de crédito e de derivativos de 2005 a 2011

Author

Listed:
  • Raquel de Freitas Oliveira
  • Rafael Felipe Schiozer
  • Sérgio Leão

Abstract

This study investigates the role of the group of foreign banks in Brazil between 2005 and 2011. It focuses on their involvement on foreign exchange derivatives and credit markets, especially during the financial crisis in 2008/2009. Foreign banks account for almost a quarter of the supply of non-directed credit. The financial crisis negatively affected the supply of loans by foreign banks, even more intensively and longer than domestic private banks. Nevertheless, in the post-crisis period, namely from the third quarter of 2010 until the end of 2011, the growth rate of foreign banks’ lending was larger than those of other banks. The interest rates that foreign banks charge in some types of loans are, on average, lower than those charged by domestic banks. In the currency derivatives market, foreign banks play an important role in providing such instruments, especially for the non-financial sector and for institutional investors. The results show that, during the crisis and especially in the post-crisis period, domestic private banks reduced their share in such markets. In addition, we show that this market is less concentrated than the credit market.

Suggested Citation

  • Raquel de Freitas Oliveira & Rafael Felipe Schiozer & Sérgio Leão, 2012. "Atuação de Bancos Estrangeiros no Brasil: mercado de crédito e de derivativos de 2005 a 2011," Working Papers Series 298, Central Bank of Brazil, Research Department.
  • Handle: RePEc:bcb:wpaper:298
    as

    Download full text from publisher

    File URL: http://www.bcb.gov.br/pec/wps/port/wps298.pdf
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcb:wpaper:298. 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: (Francisco Marcos Rodrigues Figueiredo). General contact details of provider: http://www.bcb.gov.br/?english .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.