کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
983554 1480472 2008 20 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
How to make bankers richer: The Brazilian financial market with public and private banks
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
How to make bankers richer: The Brazilian financial market with public and private banks
چکیده انگلیسی

In this paper, the literature on state-owned banks (SOB) and on the determinants of high spread and profitability of Brazilian banks are briefly reviewed. Then the paper proceeds to present the hypothesis that the way state-owned banks have interacted with public-owned banks in the market is partially responsible for such high profitability and interest rates spreads of Brazilian banking system. A model is presented to explain how this interaction can generate this profitability and spreads. The results also show that governments that stretch social policies are those that are most likely to raise profitability and spreads. Furthermore, the model also shows that if the government is generous with employees of state-owned banks, it will also contribute to the profit performance of private banks and high interest rates spreads. An empirical test for this hypothesis is developed. It tests if the expected profitability of privately owned banks rises when there is a reduction in the expected profits of state-owned banks. The results confirm the major hypothesis.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 48, Issue 2, May 2008, Pages 217–236
نویسندگان
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