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Demanda por moeda nos estados brasileiros: uma análise pós- -keynesiana em painel
[Demand for money in Brazilian states: a post keynesian panel analysis]

Author

Listed:
  • Almeida Levino, Natallya
  • Maia Gomes Lages, André
  • Jorge, Marco Antonio

Abstract

The interface between Monetary and Regional Economics is still little explored in Brazil. In this sense, the present paper aims to show the influence of regional aspects on the agent’s liquidity preference. Thus the paper is divided in four sections beyond a brief introduction. In the first one a survey of the literature which relates money demand and territorial aspects is presented. The second one discusses the working up of the variables and the model. This model confronts liquidity preference with HDI – Human Development Index and a variable comprised of population divided by the number of bank agencies (a proxy to the inverse of credit availability) and employs panel data analysis. The next section presents the results: the demand for money tends to be smaller in more developed Brazilian states, conforming to the model forecasts. The relationship between liquidity preference and credit availabilityl however is not statistically significant.

Suggested Citation

  • 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.
    • Handle: RePEc:pra:mprapa:48317
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    References listed on IDEAS

    as
    1. Marcos Lima & Marcelo Resende, 2008. "Banking and regional inequality in Brazil," Brazilian Journal of Political Economy, Center of Political Economy, vol. 28(4), pages 669-677.
    2. Lages, André Maia Gomes, 2006. "A Contribuição Singular de Simon e sua Repercussão Teórica Relevante [Simon's Unique Contribution and Its Relevant Theoretical Impact]," MPRA Paper 31182, University Library of Munich, Germany, revised 21 Mar 2006.
    3. Ana Paula Gonçalves de Freitas & Luiz Fernando Rodrigues de Paula, 2010. "Concentração Regional do Crédito e Consolidação Bancária no Brasil: Uma Análise Pós-Real," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 11(1), pages 97-123.
    4. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    5. 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.
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    More about this item

    Keywords

    Liquidity preference; brazilian states; panel data.;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • 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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