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Risco das instituições financeiras e o impacto sobre a atividade econômica: uma análise com dados em painel para o Brasil
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mendonça, Helder Ferreira De Galvão, Délio José Cordeiro Loures, Renato Falci Villela |
| Copyright Year | 2011 |
| Abstract | This article shows empirical evidence for the presence of the trade-off between economic activity and the risk that financial institutions are willing to incur in their activities. Through the use of panel data methodology for 66 Brazilian banking firms, it was observed that the adoption of riskier strategies in the market is associated with greater profitability. Furthermore, the empirical evidence denotes the existence of a positive relation between the output gap and the risk of banking firms. Helder_Delio_Renato.indd 19 8/9/2011 6:37:21 PM pesquisa e planejamento econômico | ppe | v. 41 | n. 1 | abr. 2011 20 REFERÊNCIAS ALLEN, L.; SAUNDERS, A. Incorporating systemic influences into risk measurements: a survey of the literature. Journal of Finance Research, v. 26, n. 2, p. 161-191, 2004. ______.; GALE, D. Financial contagion. Journal of Political Economy, v. 08, n. 1, p. 1-33, 2000. ______.; ______. Systemic risk and regulation. 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Journal of Regulatory Economics, v. 36, n. 3, p. 286-307, 2009. MINSKY, H. P. Can it happen again? Armonk: M. E. Sharpe, 1982. TOMBINI, A. Lições da crise financeira e reforma regulatória. Valor Econômico, 22 out. 2009. Disponível em: WEF. The future of the global financial system. 2009. Disponível em: (Originais submetidos em julho de 2009. Última versão recebida em fevereiro de 2011. Aprovada em abril de 2011.) |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://repositorio.ipea.gov.br/bitstream/11058/5087/1/PPE_v41_n01_Risco.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
