Brazil Financial Intermediation Costs and Credit Allocation

Pazarbasioglu-Dutz, Ceyla; Byskov, Steen; Bonomo, Marco; Carneiro, Igor; Martins, Bruno; Perez, Adriana Azevedo Hernandez

doi:10.1596/26401

Cited by 9 publications

(5 citation statements)

References 2 publications

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“…In the past, access to financing resources below market costs and government transfers allowed the BNDES to provide credit at more advantageous rates than other financial institutions. This dominant role of one publicsector institution, and the associated high fiscal costs that have characterised this model in the past, has been widely discussed, with many studies hinting at the benefits of moving towards a more diversified and competitive structure of the credit market (World Bank, 2018;Byskov, 2019;Frischtak et al, 2017;Pazarbasioglu-Dutz et al, 2017).…”

Section: Improving Infrastructure Financingmentioning

confidence: 99%

Scaling-up infrastructure investment to strengthen sustainable development in Brazil

2024

OECD Economics Department Working Papers

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Organisation for Economic Co-operation and Development ECO/WKP(2024)2 Unclassified English -Or. English ECONOMICS DEPARTMENT Scaling-up infrastructure investment to strengthen sustainable development in Brazil ECONOMICS DEPARTMENT WORKING PAPERS No. 1790 By Falilou Fall, Priscilla Fialho and Tony Huang OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author(s).

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Section: Improving Infrastructure Financingmentioning

confidence: 99%

Scaling-up infrastructure investment to strengthen sustainable development in Brazil

2024

OECD Economics Department Working Papers

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“…A recent study (Pazarbasioglu et al, 2017) estimates that the fiscal cost of explicit and implicit subsidies amounts to about 3.7% of general government revenues (1.5% of GDP) for 2015. This is mainly due to the differential between regulated rates and market interest rates at which the government finances its lending.…”

Section: What Drives High Interest Rates and Spreads?mentioning

confidence: 99%

“…Country-level interest rates and spreads in EMDEs: 2017 vs 2007Nominal interest rates and interest spreads have declined in most countries in the decade2007-2017 . A. Nominal lending interest rate, 2007 vs. 2017 B. Lending-deposit interest rate spread, 2007 vs.…”

mentioning

confidence: 99%

Bank Lending Rates and Spreads in Emdes : Evolution, Drivers, and Policies

Feyen¹,

Huertas²

2020

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The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

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“…3. See Pazarbasioglu et al (2017) and Bonomo, Brito, and Martins (2015) on the allocation of BNDES resources. Ribeiro and Nucifora (forthcoming) find that the suppliers that used the PSI/FINAME program did not increase labor productivity, and there is evidence suggesting that TFP in these firms declined.…”

Section: Notesmentioning

confidence: 99%

Jobs and Growth: Brazil's Productivity Agenda

Dutz¹,

Amorim²,

Araujo³

et al. 2018

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Books in this series are published to communicate the results of Bank research, analysis, and operational experience with the least possible delay. The extent of language editing varies from book to book. This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved.

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Brazil Financial Intermediation Costs and Credit Allocation

Cited by 9 publications

References 2 publications

Scaling-up infrastructure investment to strengthen sustainable development in Brazil

Scaling-up infrastructure investment to strengthen sustainable development in Brazil

Bank Lending Rates and Spreads in Emdes : Evolution, Drivers, and Policies

Jobs and Growth: Brazil's Productivity Agenda

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