This paper discusses whether there is some evidence in recent literature that banks do obtain economies of scale and scope when they expand their activities, mainly by mergers and acquisitions (M&As). In this connection, this paper shows that, although there is no clear evidence that such...

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...