Financial constraints on Brazilian firms are very high compared to advanced economies. In Brazil, 59% of firms have access to a bank loan or a credit line. In developed countries, the average percentage is 95%. Loan collateral requirements are much higher in Brazil (95% of the loan value) than...

Financial constraints on Brazilian firms are very high compared to advanced economies. In Brazil, 59% of firms have access to a bank loan or a credit line. In developed countries, the average percentage is 95%. Loan collateral requirements are much higher in Brazil (95% of the loan value) than...

Recorremos à teoria do canal do crédito para avaliar a integração de uma pequena economia, com instabilidade nominal, numa união monetária desenhada para garantir um elevado nível de estabilidade monetária. Conclui-se que o choque estrutural da integração na união monetária pode...

Com o presente artigo, tecem-se alguns considerandos sobre o método de avaliação da admissibilidade teórica do canal do crédito, baseando-nos na sua decomposição em condição de existência e condição de eficácia.

Com o presente artigo procurou-se fazer uma descrição do canal do crédito e avaliar as suas implicações na condução da política monetária

In the period 2001-2011, we had a strong increase in private credit in Brazil, which increased from 27.2% to 51.6% of gross domestic product (GDP). In addition, private credit with free resources (with interest rates freely negotiated in the market, without subsidies and without direction) went...

In the period 2001-2011, we had a strong increase in private credit in Brazil, which increased from 27.2% to 51.6% of gross domestic product (GDP). In addition, private credit with free resources (with interest rates freely negotiated in the market, without subsidies and without direction) went...