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Effects of the real plan of the Brazilian banking system

  • Cysne, Rubens Penha
  • Costa, Sergio Gustavo Silveira da

The aim of this paper is to assess the progress of the banking sector before and shortly after the Real Plan. We began by assessing the drop in the inflation revenues (negative real interest rates paid by the excess of demand deposits over total reserve requirements) as a result of the change in inflation from 40% a month for the pre-Real Plan period to a monthly average of 3.65% (IGP-DI), between July 1994 and May 1995. Then, using the financial statement data of a group of 90 banks, we attempt to estimate the net losses due to the inflation drop analyzing the profitability and other parameters of the banking industry. The calculations are made separately for private, state and federal banks. A later analysis on performance using information given to CVM (Securities Exchange Commission) by the six major private banks in the country is also discussed herein.

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Paper provided by FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil) in its series Economics Working Papers (Ensaios Economicos da EPGE) with number 304.

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Date of creation: May 1997
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Handle: RePEc:fgv:epgewp:304
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  1. Castro, Hélio de Oliveira Portocarrero de & Oliveira, Luiz Guilherme Schymura de & Cardoso, Renato Fragelli & Werlang, Sérgio Ribeiro da Costa & Magalhães, Uriel de, 1994. "Regimes complementares de previdência," Economics Working Papers (Ensaios Economicos da EPGE) 238, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  2. Novaes, Walter & Werlang, Sergio, 1995. "Inflationary bias and state-owned financial institutions," Journal of Development Economics, Elsevier, vol. 47(1), pages 135-154, June.
  3. Ellery Júnior, Roberto de Góes & Ferreira, Pedro Cavalcanti, 1995. "Convergencia entre renda per capita dos estados brasileiros," Economics Working Papers (Ensaios Economicos da EPGE) 255, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  4. Ferreira, Pedro Cavalcanti & Ellery Júnior, Roberto de Góes, 1995. "Crescimento econômico, rendimentos crescentes e concorrência monopolista," Economics Working Papers (Ensaios Economicos da EPGE) 270, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  5. Cardoso, Renato Fragelli, 1995. "Profit sharing with heterogeneous entrepreneurial prowess," Economics Working Papers (Ensaios Economicos da EPGE) 265, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  6. Flôres Junior, Renato Galvão & Szafarz, Ariane, 1996. "Processus stochastiques en finance (1ère partie)," Economics Working Papers (Ensaios Economicos da EPGE) 292, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  7. Castro, Hélio de Oliveira Portocarrero de & Oliveira, Luiz Guilherme Schymura de & Cardoso, Renato Fragelli & Magalhães, Uriel de, 1993. "Os sistemas previdenciários e uma proposta para a reformulação do modelo brasileiro," Economics Working Papers (Ensaios Economicos da EPGE) 211, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  8. Gonzaga, Gustavo Maurício & Corseuil, Carlos Henrique & Issler, João Victor, 1997. "Desemprego regional no Brasil: uma abordagem empírica," Economics Working Papers (Ensaios Economicos da EPGE) 302, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  9. Castro, Hélio de Oliveira Portocarrero de & Oliveira, Luiz Guilherme Schymura de & Cardoso, Renato Fragelli & Magalhães, Uriel de, 1993. "Previdência social pública: a experiência brasileira," Economics Working Papers (Ensaios Economicos da EPGE) 210, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
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