The behavior of liquidity preference of banks and public and regional development: the case of Brazil

Crocco, Marco; Cavalcante, Anderson; Barra, Cláudio

doi:10.2753/pke0160-3477280204

Cited by 22 publications

(6 citation statements)

References 12 publications

(12 reference statements)

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“…Proxies for banking sector development include bank deposits over gross domestic product, banks' overhead costs, banks' concentration, and banks' net interest margins (Antzoulatos and Thanopoulos 2008). The concept of liquidity preference is also used to analyse the effect of money behaviour on the regional economic performance of regions (Crocco et al 2005). Despite the above-mentioned measures of performance and activities of financial institutions, the importance of making the financial system stable has to be defined.…”

Section: Financial Soundness-growth Nexus: Theoretical and Empirical Backgroundmentioning

confidence: 99%

Financial stability and local economic development: the experience of Italian labour market areas

Barra

Zotti

2021

Empir Econ

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Regulators should ensure the smooth functioning of the system and promote regional development. Making the health of financial institutions is therefore a prerequisite for a sustainable economic development. This paper contributes to the literature on the relationship between the financial stability and growth within the area of one country. This implies that institutional, legal, and cultural factors are more adequately controlled for and financial markets are more accurately bounded. Using a rich sample of Italian banks over the 2001–2012 period, this paper addresses whether different measures of financial distress affect economic development of labour market areas in Italy. Results show that the financial stability has a positive effect on local economic development, robust to alternative variables capturing financial vulnerability. The presence of spatial effects is tested showing that better financial conditions of the banking system in neighbouring areas have a detrimental effect on an area’s growth.

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Section: Financial Soundness-growth Nexus: Theoretical and Empirical Backgroundmentioning

confidence: 99%

Financial stability and local economic development: the experience of Italian labour market areas

Barra

Zotti

2021

Empir Econ

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“…Financial markets are easily analyzed through Christaller's framework Budd, 2000;Crocco et al, 2005Crocco et al, , 2010. Local (regional) fi nancial cen-2 Two caveats are in order.…”

Section: Financial Services Centralitymentioning

confidence: 99%

The urban dynamics of financial services: centralities in the metropolis

2016

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The objective of this paper is to develop arguments that compare the dynamics of financial capital and urban space. It is first argued that financial services follow a concentration-centralization logic, with highly specialized services being offered at central places in urban space, and less complex services with a more dispersed pattern. This characteristic simultaneously promotes a centralized-deconcentration effect on the urban structure: the dispersal of services and urban amenities reduces transport costs and improves urban balance in a few places, while complex services are usually highly centralized, therefore promoting unbalanced (centre-periphery) urban development. In order to understand the balance between these two effects, this paper proposes a preliminary investigation that examines the localization of banks, income and other socioeconomic features in the metropolitan area of Belo Horizonte, in Brazil.

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“…Aunque la configuración del sistema bancario brasileño se caracterice por la presencia de grandes bancos con operaciones en todo el país, estas instituciones tienden a transferir los fondos (depósitos) de las regiones periféricas y dirigirlos hacia las centrales, que ofrecen una gama más amplia de aplicaciones y menor riesgo (CROCCO; FIGUEIREDO;SANTOS, 2010, CROCCO;CAVALCANTE;BAR-RA, 2005).…”

Section: Los Efectos De La Crisis Financiera En El Sistema Bancario Bunclassified

Efectos Regionales De La Crisis Financiera Para Los Sistemas Bancarios Brasileños Y Españoles

Silva¹,

Crocco²,

Santos³

et al. 2016

RAE

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Resumen: El objetivo de este artículo es presentar un análisis comparativo de los efectos regionales de la última crisis financiera en los sistemas bancarios brasileño y español. Se identificaron las características de la banca en los dos países y se estableció que en el caso de Brasil todavía persiste una concentración del crédito en las regiones de mayor desarrollo económico, así como mayor preferencia por la liquidez en las regiones periféricas. La crisis financiera ha acentuado este padrón. En el caso español, se esperaba que la segmentación del mercado (con la presencia de los bancos regionales) contribuyera a la mitigación de los efectos de la crisis. Sin embargo, el proceso de reestructuración bancaria ha provocado cambios en el mapa bancario español. El gran número de fusiones, adquisiciones y operaciones ha ampliado la concentración del mercado, reduciendo el crédito en las regiones periféricas, lo que acentúa las disparidades regionales.Palabras clave: Sistema bancario. Crisis financiera. Crédito. Suporte financiero. Abstract:The aim of this article is to present an exploratory and comparative analysis of the regional effects of the last financial crisis in the Brazilian and Spanish banking systems. Recent banking characteristics of the Brazilian and Spanish banking systems were identified. In the first case, the evidence of credit concentration in more economically developed regions is dominant and increased liquidity preference in peripherical regions. The last crisis has accentuated this pattern. In the Spanish case, the market segmentation (with the presence of regional banks) mitigated the effects of the crisis. However, the recent process of bank restructuring has caused modifications in the Spanish banking map. The large number of mergers, acquisitions and interventions * Los autores agradecen a la Fundação de Amparo à Pesquisa do Estado de Minas Gerais (Fapemig) por el suporte financiero.

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The behavior of liquidity preference of banks and public and regional development: the case of Brazil

Cited by 22 publications

References 12 publications

Financial stability and local economic development: the experience of Italian labour market areas

Financial stability and local economic development: the experience of Italian labour market areas

The urban dynamics of financial services: centralities in the metropolis

Efectos Regionales De La Crisis Financiera Para Los Sistemas Bancarios Brasileños Y Españoles

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