IDEAS home Printed from https://ideas.repec.org/a/aft/journl/v1512018janjunp94-113.html
   My bibliography  Save this article

The Impact Of Resolution N. 3.954/2011 In The Award Of Consigned Credit: An Analyses To 2011 And 2017

Author

Listed:
  • Luan Vinicius Bernardelli

    (Universidade Estadual de Maringá (UEM) e Universidade Estadual do Norte do Paraná (UENP))

Abstract

The credit market has a relevant role for the economic development of the countries. In this sense, innovations that provide good guarantees and low-interest rates are an important stimulus to consumption, investment, and savings. Of the innovations in the Brazilian credit market, emphasisis given to payroll loans, authorized by Law n. 10.820/2003, which registered a vertiginous growth from 2004 to 2015. In order to regulate the banking correspondents sector, Banco Central do Brasil (BCB) consolidated Resolution n. 3.954/2011, causing severe changes in the sector. Thus, the present study analyzes the impact of the implementation of that Resolution n. 3.954/2011 on payroll-deductible loans. For that, the simultaneous equations model was used and the period contemplated was from 2011 to 2017. The results indicate that the implementation of this resolution reduced approximately 31.39% to payroll loans, concluding that the imposition of the limit remuneration to bank correspondents, worked as an incentive to reduce the supply of this product.

Suggested Citation

  • Luan Vinicius Bernardelli, 2018. "The Impact Of Resolution N. 3.954/2011 In The Award Of Consigned Credit: An Analyses To 2011 And 2017," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 15(1), pages 94-113, January-J.
    • Handle: RePEc:aft:journl:v:15:1:2018:jan:jun:p:94-113
    DOI: -
    as

    Download full text from publisher

    File URL: http://editorarevistas.mackenzie.br/index.php/rem/article/view/10958
    Download Restriction: no
    File URL: https://libkey.io/-?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aft:journl:v:15:1:2018:jan:jun:p:94-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Instituto Presbiteriano Mackenzie (IPM) (email available below). General contact details of provider: https://edirc.repec.org/data/fcmacbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.