Loan sales and capital constraint: a study on Brazilian banks
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Abstract
This study investigates the relation between capital restriction and credit assignment operations carried out by Brazilian banks. The analysis period, between June 2004 and June 2009 - when credit assignments increased almost by 20 times, in face of a 162% growth in credit volume - includes the 2008/2009 financial crisis, an exogenous shock to Brazilian financial system during which financial institutions faced difficulties due to the reduction in fund raising by means of free and inter-bank deposits. This also allows observing whether capital restriction effects on credit assignment are higher during financial crises. The results indicate that an increase in capital restriction – own or third parties’ – is related to the expansion of credit assignment operations of Brazilian banks.
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RIBEIRO, F. V. F.; SCHIOZER, R. F. Loan sales and capital constraint: a study on Brazilian banks. RAE - Revista de Administracao de Empresas , [S. l.], v. 54, n. 5, p. 521–536, 2014. Disponível em: https://periodicos.fgv.br/rae/article/view/32822. Acesso em: 22 jul. 2024.
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