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The Stability-Concentration Relationship in the Brazilian Banking System

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Author Info
Benjamin Miranda Tabak
Solange Maria Guerra
Eduardo José Araújo Lima
Eui Jung Chang

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Abstract

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.

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Paper provided by Central Bank of Brazil, Research Department in its series Working Papers Series with number 145.

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Date of creation: Oct 2007
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Handle: RePEc:bcb:wpaper:145

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Web page: http://www.bcb.gov.br/?english

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