The Impact of the Credit Channel on Macroeconomic Variables and Bank Characteristics in the Brazilian Economy from 2009 to 2018

• Farajnezhad, Mohammad ^[1]
  1. [1] University of Technology Malaysia

     University of Technology Malaysia

     Malasia

     
• Localización: Estudios de economía aplicada, ISSN 1133-3197, ISSN-e 1697-5731, Vol. 40, Nº 1, 2022 (Ejemplar dedicado a: Sports Analytics within Sports Economics and Management)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This article uses commercial bank-level data to examine a credit channel of the monetary policy transmission mechanism in the Brazilian economy from BRICS countries.  Static panel data with a fixed-effect model are used for data analysis. Using a sample of 212 commercial banks from 2009 to 2018. According to the findings of this study, there is a significant and positive relationship between macroeconomic variables that affect the interest rate and GDP with the loan amount, but not with the inflation rate. Also, it is reasonable to conclude that banks in Brazil react to monetary policy in a variety of ways.