Publication:
Brazil : Interest Rates and Intermediation Spreads

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-02-13T21:26:20Z
dc.date.available2015-02-13T21:26:20Z
dc.date.issued2006-07-07
dc.description.abstractThis study sheds light on the analytical and policy issues regarding the high intermediation spread in Brazil, focusing on its determinants, the reasons for its persistence, and its impact on the real economy, especially on access to finance for Brazilian firms. The key contention of the analysis is that high intermediation spreads are a symptom of underlying problems; as such, spreads constitute a window that, when open appropriately and under the right analytical light, can unveil deeper issues concerning the Brazilian financial system, its functioning, and its linkages to economic performance. The study's major contribution is to investigate the level of intermediation spreads in Brazil from macro, micro, and international perspectives. In particular, the international perspective compares the Brazilian financial system with industrialized countries and Latin American peers to provide a background for the analysis, and highlight the areas where Brazil appears to be special.en
dc.identifierhttp://documents.worldbank.org/curated/en/2006/07/7533006/brazil-interest-rates-intermediation-spreads
dc.identifier.doi10.1596/21461
dc.identifier.urihttps://hdl.handle.net/10986/21461
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE COSTS
dc.subjectADVERSE IMPACTS
dc.subjectAGENTS
dc.subjectAGGREGATE DEMAND
dc.subjectASSET PRICES
dc.subjectBALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANKING CONCENTRATION
dc.subjectBANKING INDUSTRY
dc.subjectBANKING SERVICES
dc.subjectBANKING SYSTEM
dc.subjectBORROWING
dc.subjectCDS
dc.subjectCENTRAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOUNTRY COMPARISONS
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RISK
dc.subjectCREDITOR PROTECTION
dc.subjectDEFAULT RISK
dc.subjectDEPOSITORS
dc.subjectDEVELOPMENT POLICY
dc.subjectEARNING ASSETS
dc.subjectECONOMETRIC EVIDENCE
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL CONTRACTS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL DEEPENING
dc.subjectFINANCIAL ENGINEERING
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFIXED COSTS
dc.subjectFUTURE RESEARCH
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGOVERNMENT REGULATIONS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectINCOME STATEMENTS
dc.subjectINEFFICIENCY
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINTEREST INCOME
dc.subjectINTEREST MARGIN
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATE ASSESSMENT
dc.subjectLATIN AMERICAN
dc.subjectLIQUIDITY
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARGINAL COST
dc.subjectMATURITIES
dc.subjectMICROECONOMIC ANALYSIS
dc.subjectMONETARY POLICY
dc.subjectMUTUAL FUNDS
dc.subjectNET INTEREST MARGIN
dc.subjectOPERATING COSTS
dc.subjectPRODUCTIVITY
dc.subjectPROGRAMS
dc.subjectPUBLIC DEBT
dc.subjectREAL INTEREST RATE
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectRISK MITIGATION
dc.subjectROA
dc.subjectROE
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSOCIAL SECURITY
dc.subjectSOLVENCY
dc.subjectSTATEMENT
dc.subjectTAXATION
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE CREDIT
dc.subjectUNDERLYING PROBLEMS
dc.subjectWORKING CAPITAL
dc.titleBrazil : Interest Rates and Intermediation Spreadsen
dspace.entity.typePublication
okr.date.disclosure2007-04-11
okr.date.doiregistration2025-05-07T11:19:14.558529Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::General Economy, Macroeconomics and Growth Study
okr.docurlhttp://documents.worldbank.org/curated/en/2006/07/7533006/brazil-interest-rates-intermediation-spreads
okr.globalpracticeFinance and Markets
okr.guid282201468235466624
okr.identifier.externaldocumentum000020439_20070412094703
okr.identifier.internaldocumentum7533006
okr.identifier.report36628
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/04/12/000020439_20070412094703/Rendered/PDF/366280BR.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBrazil
okr.topicInsurance and Risk Mitigation
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicBanks and Banking Reform
okr.unitEconomic Policy Sector (LCSPE)
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