The Stability-Concentration Relationship in the Brazilian Banking System
In this article the relation between non-performing loans (NPL) of the Brazilian banking system and macroeconomic factors, systemic risk and banking concentration is empirically tested. While evaluating this relation, we use a dynamic specification with fixed effects, using a panel data approach. The empirical results indicate that the banking concentration has a statistically significant impact on NPL, suggesting that more concentrated banking systems may improve financial stability. These results are important for the design of banking regulation policies.
Year of publication: |
2007-10
|
---|---|
Authors: | Tabak, Benjamin Miranda ; Guerra, Solange Maria ; Lima, Eduardo José Araújo ; Chang, Eui Jung |
Institutions: | Central Bank of Brazil, Research Department |
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