quantify the macroeconomic effects of the credit deepening process observed in many Latin American (LA) countries in the last … decade, most notably in Brazil. In the model, a stylized banking sector intermediates credit from patient households to … impatient households and firms. The key novelty of the paper, motivated by the Brazilian experience, is to model the credit …

macroeconomic effects of the credit deepening process observed in Latin America in the last decade - most notably in Brazil. In the … model, a stylized banking sector intermediates credit from patient households to impatient households and entrepreneurs …. Motivated by the Brazilian experience, we allow the credit constraint faced by households to depend on labor income. Our model …

Banking credit to the private sector in Latin America has on average increased by 7 percent of GDP from primo 2004 to … ultimo 2011, with real credit in some countries growing by up to 20 percent per year. This paper documents and analyzes the … patterns of credit growth in 18 countries in Latin America and uses econometric methods to determine whether it is indicative …

This paper focuses on the recent changes in banking systems and how bank-specific characteristics have affected credit … supply in five Latin American countries (Brazil, Chile, Colombia, Mexico and Peru). We use detailed credit registry data and … funding, and a commercial business model generally supply more credit. Such banks are also more sheltered from monetary and …

This paper explores the impact of international financial integration on credit markets in Latin America, using a cross … international financial shocks on aggregate credit and interest rate fluctuations. Nonetheless, the net impact of integration on … deepening credit markets dominates for the large majority of states of nature. The paper also uses a detailed bank-level dataset …