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Identifying the bank lending channel in Brazil through data frequency

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dc.description.abstract Using the different response timings of credit demand and supply, we isolate supply shifts after monetary policy shocks. We show that the bank lending channel exists in Brazil: after an increase (decrease) in the basic interest rate (Selic), banks reduce (increase) the quantity of new loans and raise (lower) interest rates. However, contrary to the empirical literature for the US, we find evidence that large banks react more than smaller ones to monetary policy shocks. Results may have important implications for monetary policy transmission in light of the recent wave of concentration in the Brazilian banking industry. en
dc.title Identifying the bank lending channel in Brazil through data frequency en
dc.contributor.author Coelho, Christiano Arrigoni
dc.contributor.author De Mello, João Manoel Pinho
dc.contributor.author Garcia, MArcio Gomes Pinto
dc.date.accessioned 2014-11-19T02:27:26Z
dc.date.available 2014-11-19T02:27:26Z
dc.date.issued 2010-04
dc.identifier.issn 1529-7470
dc.identifier.uri http://hdl.handle.net/123456789/48793
lacea.language.supported en
dc.language.iso en
dc.publisher Brookings Institution Press
dc.subject Monetary policy transmission
dc.subject Credit markets
dc.subject Bank lending channel
dc.subject Brazil
dc.type Article


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