Crédito bancário: uma análise com dados micro-bancários para América Latina

Abstract

This dissertation aims at analyzing how bank credit is related to macroeconomic variables (specifically the gross domestic product, the inflation rate and the interest rate) and microeconomic banking variables from the balance sheets of the banking firms, obtained from Bankscope. For this purpose, it analyses loans from each individual bank instead of the country aggregate bank credit for 190 selected banks from 8 Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, Uruguay and Venezuela. To evaluate how these variables interact, a dynamic model of panel data was estimated using Arellano Bover/Blundell Bond System-GMM method, applying thextabond2 routine for Stata. We found a positive relation between credit and assets, the growth rate of deposits, the net interest margin, the output and the inflation rate, while the interest rate, the liquidity preference index, the capitalization ratio and the degree of leverage seems to be negatively related. These results support the theory presented and the results found in other similar works that served as basis for this empirical analysis, with the exception of the variables degree of leverage and inflation rate.