Centralidade e hierarquia do sistema financeiro brasileiro

Marco Crocco

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

Abstract: The aim of the article is to analyze the relationship between a financial system and the city in which it is located. In order to do so, initially an inedited theoretical discussion regarding the analysis of the relationship between the degree of centrality of a city and the behavior of financial systems is made. This analysis is carried out bearing in mind the concept of both liquidity preference and the endogeneity of money supply derived from Keynes (1937). An empirical investigation of the Brazilian case follows. In the investigation, it is proposed a hierarchy of the financial system for every municipality in Brazil. Based on this hierarchy the behavior of the bank system is analyzed. The paper concludes arguing that space is an important element on the definition of the ways bank branches work in different regions, with clear consequences for the economic development of the regions.

Keywords: Urban hierarchy; Financial System; Centrality. (search for similar items in EconPapers)
JEL-codes: B59 E51 E52 E59 O23 (search for similar items in EconPapers)
Date: 2011-08
New Economics Papers: this item is included in nep-geo and nep-hme
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