This study aims to show that during the cycle of credit expansion occurred in the Brazilian economy between 2003 and 2010, public banks had acted with a degree of liquidity preference higher than that of private banks until the international financial crisis. The need to achieve economic and...

This study aims to show that during the cycle of credit expansion occurred in the Brazilian economy between 2003 and 2010, public banks had acted with a degree of liquidity preference higher than that of private banks until the international financial crisis. The need to achieve economic and...

This paper aims to present and analyze the functions performed by the Brazilian federal banks, in a Keynesian perspective, emphasizing its role: i) in promoting economic and regional development, by directing credit to specific sectors and regions, ii) the anti-cyclical action, especially after...