Título :	The granularity of the Brazilian banking market
Autor :	Maia, Adriano Oliveira, Guilherme de Matsushita, Raul Yukihiro Silva, Sérgio da
Assunto::	Mercado bancário - Brasil Estrutura de mercado
Fecha de publicación :	nov-2021
Editorial :	Elsevier
Citación :	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
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