IDEAS home Printed from https://ideas.repec.org/p/cdp/texdis/td196.html
   My bibliography  Save this paper

Money and Space: the behaviour of liquidity preference of banks and public in a peripheral country

Author

Listed:
  • Marco Crocco
  • Anderson Cavalcante
  • Cláudio Barra

Abstract

This paper aims at analyzing the role of several monetary variables in the development of different regions based on particular understandings of what a region is and the money functions in capitalist economies. The concepts of central place and economic poles are used to characterize the Brazilian regions. The concept of liquidity preference is used to analyze the effect of money behaviour on the regional economic performance. The analysis of data is accomplished by using the principal component analysis and the cluster analysis.

Suggested Citation

  • Marco Crocco & Anderson Cavalcante & Cláudio Barra, 2003. "Money and Space: the behaviour of liquidity preference of banks and public in a peripheral country," Textos para Discussão Cedeplar-UFMG td196, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td196
    as

    Download full text from publisher

    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20196.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Faini, Riccardo & Giannini, Curzio & Ingrosso, Fulvio, 1992. "Finance and Development: The Case of Southern Italy," CEPR Discussion Papers 674, C.E.P.R. Discussion Papers.
    2. Sheila C. Dow & John Hillard (ed.), 1995. "Keynes, Knowledge And Uncertainty," Books, Edward Elgar Publishing, number 148.
    3. Kaldor, Nicholas, 1970. "The Case for Regional Policies," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(3), pages 337-348, November.
    4. Sheila C. Dow, 1993. "Money And The Economic Process," Books, Edward Elgar Publishing, number 147.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marco Crocco & Anderson Cavalcante & Cláudio Barra & Vanessa da Costa Val, 2003. "Desenvolvimento econômico, preferência pela liquidez e acesso bancário: um estudo de caso [Economic development, liquidity preference and access to bank services: a case study]," Textos para Discussão Cedeplar-UFMG td192, Cedeplar, Universidade Federal de Minas Gerais.
    2. Marco Crocco & Fabiana Santos & Pedro Amaral, 2010. "The Spatial Structure of Financial Development in Brazil," Spatial Economic Analysis, Taylor & Francis Journals, vol. 5(2), pages 181-203.
    3. Setterfield, Mark & Gouri Suresh, Shyam, 2016. "Multi-agent systems as a tool for analyzing path-dependent macrodynamics," Structural Change and Economic Dynamics, Elsevier, vol. 38(C), pages 25-37.
    4. Salvatore D'Acunto & Sergio Destefanis & Marco Musella, 2004. "Exports, Supply Constraints and Growth: An Investigation using Regional Data," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(2), pages 167-189.
    5. Marco Crocco & Cláudio Barra de Castro & Anderson Cavalcante & Vanessa da Costa Val, 2002. "Acesso bancário e preferência pela liquidez nas mesorregiões de Minas Gerais," Anais do X Seminário sobre a Economia Mineira [Proceedings of the 10th Seminar on the Economy of Minas Gerais], in: João Antonio de Paula & et alli (ed.),Anais do X Seminário sobre a Economia Mineira [Proceedings of the 10th Seminar on the Economy of Minas Gerais], Cedeplar, Universidade Federal de Minas Gerais.
    6. John A. Mathews, 2020. "Schumpeterian economic dynamics of greening: propagation of green eco-platforms," Journal of Evolutionary Economics, Springer, vol. 30(4), pages 929-948, September.
    7. Imam, M. & Jamasb, T. & Llorca, M. & Llorca, M., 2018. "Power Sector Reform and Corruption: Evidence from Electricity Industry in Sub-Saharan Africa," Cambridge Working Papers in Economics 1801, Faculty of Economics, University of Cambridge.
    8. Rodríguez-Fuentes, Carlos Javier & Hernández-López, Montserrat, 1997. "Análisis de diferencias estructurales interregionales determinantes en el impacto de la política monetaria," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 7, pages 141-157, Junio.
    9. Dequech, David, 2000. "Confidence and action: a comment on Barbalet," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 29(6), pages 503-515, November.
    10. Andre Nassif & Carmem Aparecida Feijo & Eliane Araújo, 2016. "Structural change, catching up and falling behind in the BRICS: A comparative analysis based on trade pattern and Thirlwall’s Law," PSL Quarterly Review, Economia civile, vol. 69(279), pages 373-421.
    11. Matteo Deleidi & Claudia Fontanari & Santiago José Gahn, 2023. "Autonomous demand and technical change: exploring the Kaldor–Verdoorn law on a global level," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(1), pages 57-80, April.
    12. Jaewon Lim & Changkeun Lee & Euijune Kim, 2015. "Contributions of human capital investment policy to regional economic growth: an interregional CGE model approach," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 269-287, December.
    13. Robert A. Blecker, 2009. "Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint?," Working Papers 2009-23, American University, Department of Economics.
    14. Marco Crocco & Fernanda Faria-Silva & Luiz Paulo-Rezende & Carlos J. Rodr�guez-Fuentes, 2014. "Banks and Regional Development: An Empirical Analysis on the Determinants of Credit Availability in Brazilian Regions," Regional Studies, Taylor & Francis Journals, vol. 48(5), pages 883-895, May.
    15. Pike, Andy & Rodríguez-Pose, Andrés & Torrisi, Gianpiero & Tselios, Vassilis & Tomaney, John, 2010. "In search of the ‘economic dividend’ of devolution: spatial disparities, spatial economic policy and decentralisation in the UK," DEMQ Working Paper Series 2010/9, University of Catania, Department of Economics and Quantitative Methods.
    16. Fabio Cerina & Francesco Pigliaru, 2007. "Agglomeration and Growth in the NEG: A Critical Assessment," Chapters, in: Bernard Fingleton (ed.), New Directions in Economic Geography, chapter 5, Edward Elgar Publishing.
    17. Shyam Gouri Suresh & Mark Setterfield, 2015. "Firm performance, macroeconomic conditions, and “animal spirits” in a Post Keynesian model of aggregate fluctuations," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 38(1), pages 38-63, July.
    18. Dow, Sheila, 2016. "Uncertainty: A diagrammatic treatment," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-25.
    19. Juan Gabriel Brida & Juan Pereyra & Martín Puchet Anyul & Wiston Adrián Risso, 2011. "Regímenes de desempeño económico y dualismo estructural en la dinámica de las entidades federativas de México, 1970 - 2006," Documentos de Trabajo (working papers) 1011, Department of Economics - dECON.
    20. Malmberg Anders & Malmberg Bo & Maskell Peter, 2023. "Population age structure – An underlying driver of national, regional and urban economic development," ZFW – Advances in Economic Geography, De Gruyter, vol. 67(4), pages 217-233, December.

    More about this item

    Keywords

    regional economics; financial system; money; liquidity preference; Brazil;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:cdp:texdis:td196. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Gustavo Britto (email available below). General contact details of provider: https://edirc.repec.org/data/pufmgbr.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.