Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária

Detalhes bibliográficos
Ano de defesa: 2017
Autor(a) principal: Verhalen, Gustavo Henrique
Orientador(a): Weller, Leonardo
Banca de defesa: Não Informado pela instituição
Tipo de documento: Dissertação
Tipo de acesso: Acesso aberto
Idioma: por
Instituição de defesa: Não Informado pela instituição
Programa de Pós-Graduação: Não Informado pela instituição
Departamento: Não Informado pela instituição
País: Não Informado pela instituição
Palavras-chave em Português:
Seguro depósito
Concentração
Bancos
Palavras-chave em Inglês:
Deposit insurance
Concentration
Banks
Too-big-to-fail
Link de acesso: http://hdl.handle.net/10438/18063
Resumo: The banking industry is a poorly competitive market, there are several reasons related to this, entry costs are high, there are technological barriers to the creation of new banks, and there may be institutional barriers that prevent the entry of new firms. There are, however, elements that act to decrease banking concentration, and deposit insurance programs can act as an incentive for this decrease. The main purpose of deposit insurance is to stabilize banking systems, the guarantee on deposits that it provides aims to prevent the occurrence of bank runs. However, when this guarantee is added to the system, it levels up banks with different risk perceptions, thus allowing a rebalancement of deposits between banks. This dissertation aims to verify if the Brazilian deposit insurance program managed by the FGC (Brazilian deposit insurance fund) had a positive impact on the deconcentration of the Brazillian banking market. Empirical tests assesses whether there are distinctions between a group of banks considered of systemic importance and the other banks, which compose the Brazilian financial system (SFN in Portuguese). Hence, the dissertation investigates if the increase in the FGC coverage value increased the funds deposited into the Poupança (a popular kind of remunerated account) and term accounts of banks that do not have systemic importance. Evidence suggests that the performance of the FGC played an important role in compensating the process of market concentration in the Brazilian banking industry in the period between October 2006 and April 2012.
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spelling Verhalen, Gustavo HenriqueEscolas::EESPBarbosa, KlênioVieira, Heleno PiazentiniWeller, Leonardo2017-03-21T11:55:29Z2017-03-21T11:55:29Z2017-02-22VERHALEN, Gustavo Henrique. Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária. Dissertação (Mestrado Profissional em Finanças e Economia) - FGV - Fundação Getúlio Vargas, São Paulo, 2017.http://hdl.handle.net/10438/18063The banking industry is a poorly competitive market, there are several reasons related to this, entry costs are high, there are technological barriers to the creation of new banks, and there may be institutional barriers that prevent the entry of new firms. There are, however, elements that act to decrease banking concentration, and deposit insurance programs can act as an incentive for this decrease. The main purpose of deposit insurance is to stabilize banking systems, the guarantee on deposits that it provides aims to prevent the occurrence of bank runs. However, when this guarantee is added to the system, it levels up banks with different risk perceptions, thus allowing a rebalancement of deposits between banks. This dissertation aims to verify if the Brazilian deposit insurance program managed by the FGC (Brazilian deposit insurance fund) had a positive impact on the deconcentration of the Brazillian banking market. Empirical tests assesses whether there are distinctions between a group of banks considered of systemic importance and the other banks, which compose the Brazilian financial system (SFN in Portuguese). Hence, the dissertation investigates if the increase in the FGC coverage value increased the funds deposited into the Poupança (a popular kind of remunerated account) and term accounts of banks that do not have systemic importance. Evidence suggests that the performance of the FGC played an important role in compensating the process of market concentration in the Brazilian banking industry in the period between October 2006 and April 2012.A indústria bancária é um mercado pouco competitivo, diversas razões estão relacionadas a isso, os custos de entrada são altos, há barreiras tecnológicas para a constituição novos bancos e, podem existir barreiras institucionais que impedem a entrada de novas firmas. Há, contudo, fatores que atuam para diminuir a concentração bancária, e os programas de seguro depósito podem atuar como um dos catalizadores dessa diminuição. A principal finalidade dos seguros depósito é de estabilização dos sistemas bancários, a garantia sobre depósitos proporcionada por eles tem como objetivo prevenir a ocorrência de corridas bancárias. Mas, quando essa garantia é inserida no sistema ela coloca no mesmo nível instituições bancárias que antes possuíam percepções de risco diferentes e, isto atua rebalanceando o acesso aos depósitos entre os bancos. Essa dissertação tem por objetivo verificar se o programa de seguro depósitos administrado pelo Fundo Garantidor de Créditos (FGC), teve impacto positivo na desconcentração do mercado bancário brasileiro. São realizados testes empíricos para avaliar se a atuação do FGC propicia esse aumento na competição bancária. A maneira de averiguar isso se dá através da comparação entre um grupo de bancos considerados de importância sistêmica, assim a cobertura do FGC teria pouco ou nenhum impacto sobre as captações desses bancos, e os demais bancos do Sistema Financeiro Nacional (SFN). Dessa forma a dissertação investiga se o aumento no valor de cobertura do FGC incrementou as captações de depósitos de poupança e de depósitos a prazo dos bancos que não possuem importância sistêmica. As evidências sugerem que o FGC desempenhou um papel importante na redução do processo de concentração do setor bancário brasileiro no período estudado: entre outubro de 2006 e abril de 2012.porDeposit insuranceConcentrationBanksToo-big-to-failSeguro depósitoConcentraçãoBancosEconomiaBancos - BrasilDepósitos bancáriosSeguro de depósitos - BrasilPoupança e investimentoImpacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancáriainfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTEXTDissertação Final GHV.pdf.txtDissertação Final GHV.pdf.txtExtracted texttext/plain102823https://repositorio.fgv.br/bitstreams/a6a17dad-4ed6-4eb8-97ed-38354445981c/downloadea84a5a32016ba72f8e0a585ea2d6396MD55ORIGINALDissertação Final GHV.pdfDissertação Final GHV.pdfDissertação versão 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
dc.title.por.fl_str_mv Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
title Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
spellingShingle Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
Verhalen, Gustavo Henrique
Deposit insurance
Concentration
Banks
Too-big-to-fail
Seguro depósito
Concentração
Bancos
Economia
Bancos - Brasil
Depósitos bancários
Seguro de depósitos - Brasil
Poupança e investimento
title_short Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
title_full Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
title_fullStr Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
title_full_unstemmed Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
title_sort Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária
author Verhalen, Gustavo Henrique
author_facet Verhalen, Gustavo Henrique
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.member.none.fl_str_mv Barbosa, Klênio
Vieira, Heleno Piazentini
dc.contributor.author.fl_str_mv Verhalen, Gustavo Henrique
dc.contributor.advisor1.fl_str_mv Weller, Leonardo
contributor_str_mv Weller, Leonardo
dc.subject.eng.fl_str_mv Deposit insurance
Concentration
Banks
Too-big-to-fail
topic Deposit insurance
Concentration
Banks
Too-big-to-fail
Seguro depósito
Concentração
Bancos
Economia
Bancos - Brasil
Depósitos bancários
Seguro de depósitos - Brasil
Poupança e investimento
dc.subject.por.fl_str_mv Seguro depósito
Concentração
Bancos
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Bancos - Brasil
Depósitos bancários
Seguro de depósitos - Brasil
Poupança e investimento
description The banking industry is a poorly competitive market, there are several reasons related to this, entry costs are high, there are technological barriers to the creation of new banks, and there may be institutional barriers that prevent the entry of new firms. There are, however, elements that act to decrease banking concentration, and deposit insurance programs can act as an incentive for this decrease. The main purpose of deposit insurance is to stabilize banking systems, the guarantee on deposits that it provides aims to prevent the occurrence of bank runs. However, when this guarantee is added to the system, it levels up banks with different risk perceptions, thus allowing a rebalancement of deposits between banks. This dissertation aims to verify if the Brazilian deposit insurance program managed by the FGC (Brazilian deposit insurance fund) had a positive impact on the deconcentration of the Brazillian banking market. Empirical tests assesses whether there are distinctions between a group of banks considered of systemic importance and the other banks, which compose the Brazilian financial system (SFN in Portuguese). Hence, the dissertation investigates if the increase in the FGC coverage value increased the funds deposited into the Poupança (a popular kind of remunerated account) and term accounts of banks that do not have systemic importance. Evidence suggests that the performance of the FGC played an important role in compensating the process of market concentration in the Brazilian banking industry in the period between October 2006 and April 2012.
publishDate 2017
dc.date.accessioned.fl_str_mv 2017-03-21T11:55:29Z
dc.date.available.fl_str_mv 2017-03-21T11:55:29Z
dc.date.issued.fl_str_mv 2017-02-22
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.citation.fl_str_mv VERHALEN, Gustavo Henrique. Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária. Dissertação (Mestrado Profissional em Finanças e Economia) - FGV - Fundação Getúlio Vargas, São Paulo, 2017.
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10438/18063
identifier_str_mv VERHALEN, Gustavo Henrique. Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária. Dissertação (Mestrado Profissional em Finanças e Economia) - FGV - Fundação Getúlio Vargas, São Paulo, 2017.
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