PREFERENCE FOR BANK LIQUIDITY IN BRAZIL ANDCRISIS: AN ANALYSIS OF THE DETERMINANTS OF CREDIT SUPPLY

Hélio de Souza Quaresma Junior (), Douglas Alcântara Alencar () and Wanderlino Demetrio Castro de Andrade ()
Additional contact information
Hélio de Souza Quaresma Junior: Universidade Federal do Pará (UFPA)
Douglas Alcântara Alencar: Universidade Federal do Pará (UFPA)
Wanderlino Demetrio Castro de Andrade: Universidade Federal do Pará (UFPA)

Revista de Economia Mackenzie (REM), 2019, vol. 16, issue 2, 75-96

Abstract: This article aims to make an analysis about the liquidity preference of banks in Brazil. We attempted to discuss the issue of endogenous money for post-Keynesians, arguing about how evolved the theory of liquidity preference of banks, and determine an effective credit demand model. Starting from the analysis of credit supply in Brazil, in the financial crisis, seeking to highlight the occurrence of liquidity preference of banks, we opted for the development of an econometric model. It was observed that the risk premium increased with the worsening of the Brazilian economic crisis in 2014.

Keywords: Effective demand for credit; Endogenous money; Liquidity preference. (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://editorarevistas.mackenzie.br/index.php/rem/article/view/12202 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:16:2:2019:jul:dec:p:75-96

Access Statistics for this article

More articles in Revista de Economia Mackenzie (REM) from Mackenzie Presbyterian University, Social and Applied Sciences Center Contact information at EDIRC.
Bibliographic data for series maintained by Instituto Presbiteriano Mackenzie (IPM) ().