O presente artigo tem por objetivo explicar o elevado custo do capital no Brasil, apresentando algumas hipóteses a respeito do porque a taxa real de juros de curto-prazo e os spreads bancários são tão elevados. Nesse sentido, ao longo deste artigo pretendemos argumentar que o “problema do...

Despite a decline in interest rates since mid-1999, bank spread in Brazil continues extremely high in international terms and in recent years has stood at around 40%. This paper analyses the determinants of bank spread in Brazil, seeking particularly to analyse the macroeconomic determinants of...