Purpose: This paper analyzes the effect of the banking market (concentration and competition) on financial development. Design/methodology/approach: In order to estimate the effects of banking concentration and competition on financial development, we conducted an empirical analysis using the...

Purpose: The purpose of this paper is to analyze the financial friction effect of non-performing loans (NPLs) on financial intermediation (FI) through empirical evidence from the Brazilian experience. Design/methodology/approach: The authors develop a new variable, financial intermediation flow...

Purpose The purpose of this paper is to discuss more efficient mechanisms of regulation in the financial system. Design/methodology/approach The authors developed a theoretical two-period model of financial flows (FFs) that considers households, banks, and a social planner. Findings It is...