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Previous issue date: 2018-03-22 / Coordena??o de Aperfei?oamento de Pessoal de N?vel Superior - CAPES / This paper analyzes the behavior of interest rates in Brazil, with emphasis on
the banking sector. We analyze the behavior of the banking sector in the face of the
fall in the SELIC rate observed in the period between 2009 and 2012 and how it has
impacted this market. For this, we use graphical analysis, statistical tests and
econometric models to understand the impact of federal government decisions on
each of the agents involved. The federal government used its influence to lower
interest rates, both SELIC and banking, assuming price leadership by controlling
about 40% of the financial market. However, this intervention goes against the
fundamental principles of governance. Thus, the objective is to confirm the
intervention of the government in the Brazilian banking market and to find out the
effect that this conduct had on public banks and shareholders, qualitatively and, if
possible, quantitatively. / O presente trabalho analisa o comportamento da taxa de juros no Brasil, com
?nfase para o setor banc?rio. Analisamos o comportamento do setor banc?rio ante a
queda da taxa SELIC verificada no per?odo entre 2009 e 2012 e de que forma ela
influenciou nesse mercado. Para tal, utilizamos an?lises gr?ficas, testes estat?sticos
e modelos econom?tricos para compreendermos o impacto das decis?es do governo
federal em cada um dos agentes envolvidos. O governo federal utilizou de sua
influ?ncia para baixar as taxas de juros, tanto a SELIC quando a banc?ria,
assumindo uma lideran?a de pre?os atrav?s do controle de cerca de 40% do
mercado financeiro. Contudo, essa interven??o vai de encontro aos princ?pios
fundamentais da governan?a. Assim, objetiva-se confirmar a interven??o do governo
no mercado banc?rio brasileiro e descobrir qual o efeito que tal conduta acarretou
nos bancos p?blicos e acionistas, qualitativamente e, se poss?vel, quantitativamente.
| Identifer | oai:union.ndltd.org:IBICT/oai:tede2.pucrs.br:tede/8129 |
| Date | 22 March 2018 |
| Creators | Veneroso, Diego Padilha |
| Contributors | Silva, Carlos Eduardo Lobo e |
| Publisher | Pontif?cia Universidade Cat?lica do Rio Grande do Sul, Programa de P?s-Gradua??o em Economia do Desenvolvimento, PUCRS, Brasil, Escola de Neg?cios |
| Source Sets | IBICT Brazilian ETDs |
| Language | Portuguese |
| Detected Language | English |
| Type | info:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/masterThesis |
| Format | application/pdf |
| Source | reponame:Biblioteca Digital de Teses e Dissertações da PUC_RS, instname:Pontifícia Universidade Católica do Rio Grande do Sul, instacron:PUC_RS |
| Rights | info:eu-repo/semantics/openAccess |
| Relation | -5405171042897922792, 500, 500, 500, 600, 944455694546435801, -2504903392600098822, 2075167498588264571 |
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