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Changes in Reserve Requirements and Brazilian Banks' Stocks

Brazilian Review of Finance

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Title Changes in Reserve Requirements and Brazilian Banks' Stocks
Mudanças nos Compulsórios e as Ações dos Bancos Brasileiros
 
Creator Mazzucco, Bruno De Lorenzi Cancelier; Universidade Federal de Santa Catarina
Meurer, Roberto; Universidade Federal de Santa Catarina
 
Subject Economics
Event study; reserve requirements; Brazilian banks
E52; E59
Economia
Estudo de eventos; compulsórios; bancos brasileiros.
E52; E59
 
Description In this study we tested the hypothesis that part of reserve requirements’ costs is paid by banks’ stockholders, instead of only by depositors and borrowers. Through an event study of fourteen regulatory changes between 1998 and 2010, we investigated the existence of abnormal returns. The results suggest that stockholders share the costs.
Neste trabalho foi testada a hipótese de que pelo menos parte dos custos dos depósitos compulsórios incide sobre os acionistas dos bancos, ao invés de somente sobre os depositantes e os tomadores de empréstimo. Através de um estudo de eventos para catorze mudanças regulatórias entre 1998 e 2010, foi investigada a existência de retornos anormais. Os resultados sugerem que os acionistas pagam em parte este custo.
 
Publisher Link to the Brazilian Society of Finance
 
Contributor CNPq
CNPq
 
Date 2013-07-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Double blind reviewed articles
Empirical
Avaliado por Pares
Artigo Empírico
 
Format application/pdf
application/pdf
 
Identifier http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/6100
 
Source Brazilian Review of Finance; Vol 11, No 3 (2013): July-September; 399-420
Revista Brasileira de Finanças; Vol 11, No 3 (2013): July-September; 399-420
1984-5146
1679-0731
 
Language por
eng
 
Relation http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/6100/12116
http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/6100/12117
http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/downloadSuppFile/6100/967
http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/downloadSuppFile/6100/968
http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/downloadSuppFile/6100/969