Macroprudential policies and bank competition between 2009 and 2016
The objective of this study was to analyze whether macroprudential/competitive policies published between 2009 and 2016 directly or indirectly affected the competitive behavior of financial institutions. For this purpose, H-statistic, by Panzar e Rosse, was used. The data were constituted by a panel...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2019 |
| País: | Brasil |
| Institución: | Universidade de São Paulo (USP) |
| Repositorio: | Economia Aplicada |
| Idioma: | portugués |
| OAI Identifier: | oai:revistas.usp.br:article/146483 |
| Acceso en línea: | https://www.revistas.usp.br/ecoa/article/view/146483 |
| Access Level: | acceso abierto |
| Palabra clave: | bank competition banks H-statistic competição bancária bancos estatística H |
| Sumario: | The objective of this study was to analyze whether macroprudential/competitive policies published between 2009 and 2016 directly or indirectly affected the competitive behavior of financial institutions. For this purpose, H-statistic, by Panzar e Rosse, was used. The data were constituted by a panel with 44 banking institutions that acted in Brazil in the period. The results indicated that the conduct of financial institutions was, from 2009 to 2013, a monopoly, became a neutral conduct between 2014 and 2015 and thereafter a monopolistic competition. It was concluded that the credit portability policy (published in December 2013) was the one that had an impact of neutrality on the competition of the financial institutions, whereas the Basel III from 2015 on made the competitive behavior of sector. |
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