Openness and efficiency in Brazilian banking

Afonso S. Bevilaqua () and Eduardo Loyo
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Afonso S. Bevilaqua: Department of Economics PUC-Rio
Eduardo Loyo: John F. Kennedy School of Government, Harvard University

No 390, Textos para discussão from Department of Economics PUC-Rio (Brazil)

Abstract: Brazil has recently made great strides in opening its domestic banking market to foreign participation, contrary to what one would have expected from its negotiating stance in regional and multilateral fora dealing with trade in financial services. We review the possible gains from such unilateral liberalization move, and proceed to measure one specific gain that appears most promising: improvements in cost efficiency in the production of banking services. Our results indicate that these gains indeed materialized, although not to the same extent in all segments of the banking market.

Pages: 39 pages
Date: 1998-09
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:rio:texdis:390

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