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Title: The granularity of the Brazilian banking market
Authors: Maia, Adriano
Oliveira, Guilherme de
Matsushita, Raul Yukihiro
Silva, Sérgio da
Assunto:: Mercado bancário - Brasil
Estrutura de mercado
Issue Date: Nov-2021
Publisher: Elsevier
Citation: MAIA, Adriano Maia et al. The granularity of the Brazilian banking market. The North American Journal of Economics and Finance v. 58, 101545, nov. 2021. DOI: https://doi.org/10.1016/j.najef.2021.101545. Disponível em: https://www.sciencedirect.com/science/article/pii/S1062940821001558. Acesso em: 08 fev. 2022.
Abstract: Bank size distributions concentrate in a few large banks – the big “grains.” This fact means idiosyncratic shocks at the bank level do not cancel out, thus affecting the business cycle. Here, we present evidence of granularity in the banking market using Brazilian data. We examine the explanatory power of the granular banking residual of the five largest banks on quarterly GDP changes from 2010 to 2019. We conservatively find that shocks to revenues of these top five banks explain nearly one-fifth of GDP fluctuations.
Licença:: © 2021 Elsevier Inc. All rights reserved.
DOI: https://doi.org/10.1016/j.najef.2021.101545
metadata.dc.relation.publisherversion: https://www.sciencedirect.com/science/article/abs/pii/S1062940821001558
Appears in Collections:Artigos publicados em periódicos e afins

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