Joaquim, Gustavo; Netto, Felipe; Ornelas, José Renato Haas - 2022 - This version: September 2022
macroeconomically relevant increase in lending by commercial government banks. Using credit registry data, we find that this … intervention led to a reduction in lending rates, but it did not lead to a change in private banks' credit supply. Firms reliant on … intervention. At the regional level, we find that branch presence cannot explain credit growth due to cross-market borrowing. Once …