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Preferência pela liquidez, sistema bancário e disponibilidade de crédito regional

Anderson Cavalcante (), Marco Crocco () and Frederico Gonzaga Jayme Júnior ()
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Frederico Gonzaga Jayme Júnior: Cedeplar-UFMG

Authors registered in the RePEc Author Service: Frederico G. Jayme Jr ()

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: The aim of this piece is to analyze some territorial determinants to the total amount of credit in a specific region. These determinants are derived from the economics conditions of the region and are observed through the liquidity preference of banks and public. Accordingly to the Post Keynesian approach, less developed regions have a higher liquidity preference due to the higher uncertainty that prevails in that region. As a consequence, both the demand and the supply of credit would be shorter in less developed regions. To analyze this hypothesis, the liquidity preference of banks and public were calculated for all Brazilians states. The results founded, both on the descriptive and the econometric analysis, indicate that the hypotheses are correct, especially in relation to the bank’s liquidity preference. The results also show the limits of the theoretical framework to study the Brazilian bank system, which is characterized by possessing profitability’s strategies that are not based on the supply of credit.

Keywords: regional economics; banking system; money; liquidity preference (search for similar items in EconPapers)
JEL-codes: E60 G21 R12 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2004-08
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