Banking in Brazil: Structure, Performance, Drivers, and Policy Implications
he objective of this paper is to analyze the industry structure of banking services in Brazil in order to shed light on financial performance and its drivers at a disaggregated level. The study illustrates how differences across market segments -- which tend to be averaged out in aggregate analysis -- need to be taken into account when analyzing performance and designing public policy for the banking sector. In particular, retail banking is found to be less sensitive to price competition and to exhibit considerably higher returns than corporate banking. The authors identify and discuss the factors underlying revenues, costs, and risks in each market segment, and conclude with policy implications.
|Date of creation:||01 Jan 2009|
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- Márcio I. Nakane & Leonardo S. Alencar & Fabio Kanczuk, 2006. "Demand for Bank Services and Market Power in Brazilian Banking," Working Papers Series 107, Central Bank of Brazil, Research Department.
- Hirtle, Beverly J. & Stiroh, Kevin J., 2007.
"The return to retail and the performance of US banks,"
Journal of Banking & Finance,
Elsevier, vol. 31(4), pages 1101-1133, April.
- Beverly Hirtle & Kevin J. Stiroh, 2005. "The return to retail and the performance of U.S. banks," Staff Reports 233, Federal Reserve Bank of New York.
- Claessens, Stijn & Laeven, Luc, 2004.
"What Drives Bank Competition? Some International Evidence,"
Journal of Money, Credit and Banking,
Blackwell Publishing, vol. 36(3), pages 563-83, June.
- Stijn Claessens & Luc Laeven, 2004. "What drives bank competition? Some international evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 563-592.
- Claessens, Stijn & Laeven, Luc, 2003. "What drives bank competition? some international evidence," Policy Research Working Paper Series 3113, The World Bank.
- World Bank, 2006. "Brazil : Interest Rates and Intermediation Spreads," World Bank Other Operational Studies 21461, The World Bank.
- World Bank, 2005. "Ecuador : Investment Climate Assessment," World Bank Other Operational Studies 8571, The World Bank.
- Timothy Clark & Astrid A. Dick & Beverly Hirtle & Kevin J. Stiroh & Robard Williams, 2007. "The role of retail banking in the U.S. banking industry: risk, return, and industry structure," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 39-56.
- World Bank, 2005. "Lithuania : Investment Climate Assessment," World Bank Other Operational Studies 8568, The World Bank.
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