Banca de QUALIFICAÇÃO: ANDERSON LUIZ OLIVEIRA DA CAMARA

Uma banca de QUALIFICAÇÃO de MESTRADO foi cadastrada pelo programa.
STUDENT : ANDERSON LUIZ OLIVEIRA DA CAMARA
DATE: 05/12/2023
TIME: 10:00
LOCAL: Online
TITLE:

Local credit markets in Brazil: Identification of national, regional and local components using a Dynamic Factor Model

PAGES: 30
BIG AREA: Ciências Sociais Aplicadas
AREA: Economia
SUBÁREA: Economia Monetária e Fiscal
SPECIALTY: Instituições Monetárias e Financeiras do Brasil
SUMMARY:

This article aims to investigate the determining components of the dynamics of local credit markets in Brazil. To this end, we employ the methodology proposed by Forni and Reichlin (2001) for decomposing the variance of local markets into national, state, and local components. The main results show that (i) local credit markets have a larger portion of their dynamics related to common shocks of national origin, (ii) local credit markets in more developed regions, on average, have a higher share of national common components, and (iii) during recession periods, local credit markets have their dynamics less influenced by local idiosyncratic factors.

COMMITTEE MEMBERS:
Presidente - Interno ao Programa - 1771615 - BRUNO DE PAULA ROCHA
Membro Titular - Examinador(a) Interno ao Programa - 1763482 - GUILHERME DE OLIVEIRA LIMA CAGLIARI MARQUES
Membro Titular - Examinador(a) Externo à Instituição - FERNANDA FARIA SILVA - UFOP
Membro Suplente - Examinador(a) Interno ao Programa - 1963811 - RICARDO BATISTA POLITI