Monetary Transmission in Brazil: Has the Credit Channel Changed?
IMF Working Papers, December 17, 2013
Source details
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- Monetary Transmission in Brazil: Has the Credit Channel Changed?
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Bibliographic details
- Authors: Mercedes Garcia-Escribano
- Published: December 17, 2013
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781484312001.001
Summary and Key Findings
- This paper investigates the transmission of monetary policy by private banks in Brazil during the recent easing cycle.
- The analysis uses a panel dataset with information on lending by private banks in Brazil.
- The paper concludes that monetary transmission through lending volumes was not impaired.
- Observed diminished lending appears to be related to:
- supply and demand factors, and
- the rapid expansion of public banks’ lending.
Data, Methodology, and Scope
- Dataset: panel dataset with information on lending by private banks in Brazil.
- Institutional focus: private banks in Brazil during the recent easing cycle.
- Paper type: IMF Working Paper presenting research in progress.
Subjects and Keywords
- Subject: Bank credit, Banking, Credit, Financial institutions, Loans, Money, Nonperforming loans, State-owned banks
- Keywords: balance sheet variable, bank, bank capitalization, Bank credit, Credit, credit channel, credit growth, Global, lending, lending channel, lending growth, lending product, lending to corporate, Loans, monetary policy, monetary transmission, Nonperforming loans, private bank, State-owned banks, WP
This summary is based on the IMF Working Paper "Monetary Transmission in Brazil: Has the Credit Channel Changed?" by Mercedes Garcia-Escribano, December 17, 2013.
Content in this bundle
- 1. Monetary Transmission Through Lending Rates