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Preferência pela liquidez, sistema bancário e disponibilidade de crédito regional

Author

Listed:
  • Anderson Cavalcante

    (Cedeplar-UFMG)

  • Marco Crocco

    () (Cedeplar-UFMG)

  • Frederico Gonzaga Jayme Júnior

    () (Cedeplar-UFMG)

Abstract

The aim of this piece is to analyze some territorial determinants to the total amount of credit in a specific region. These determinants are derived from the economics conditions of the region and are observed through the liquidity preference of banks and public. Accordingly to the Post Keynesian approach, less developed regions have a higher liquidity preference due to the higher uncertainty that prevails in that region. As a consequence, both the demand and the supply of credit would be shorter in less developed regions. To analyze this hypothesis, the liquidity preference of banks and public were calculated for all Brazilians states. The results founded, both on the descriptive and the econometric analysis, indicate that the hypotheses are correct, especially in relation to the bank’s liquidity preference. The results also show the limits of the theoretical framework to study the Brazilian bank system, which is characterized by possessing profitability’s strategies that are not based on the supply of credit.

Suggested Citation

  • Anderson Cavalcante & Marco Crocco & Frederico Gonzaga Jayme Júnior, 2004. "Preferência pela liquidez, sistema bancário e disponibilidade de crédito regional," Textos para Discussão Cedeplar-UFMG td237, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td237
    as

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    File URL: http://www.cedeplar.ufmg.br/pesquisas/td/TD%20237.pdf
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    Citations

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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.
    2. Almeida Levino, Natallya & Maia Gomes Lages, André & Jorge, Marco Antonio, 2010. "Demanda por moeda nos estados brasileiros: uma análise pós- -keynesiana em painel
      [Demand for money in Brazilian states: a post keynesian panel analysis]
      ," MPRA Paper 48317, University Library of Munich, Germany, revised 25 Oct 2012.

    More about this item

    Keywords

    regional economics; banking system; money; liquidity preference;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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