Does Financial Development Smooth local economic shocks?

Authors

DOI:

https://doi.org/10.54766/rberu.v15i3.621

Keywords:

Intermediários financeiros, Volatilidade do crescimento econômico, Choques econômicos locais

Abstract

This paper aims to explore the relationship between the development of financial intermediaries and the volatility of economic growth in Brazilian states, in the face of real and monetary shocks. This study performs an empirical analysis of State longitudinal data with temporal range between 2004 and 2015, in a panel data setting divided in three periods, which aims to calculate the impact on regional volatility at different points in time. The results show that, in the face of real shocks, local financial intermediaries act to absorb the volatility of the economic growth, while the estimated impacts of the local financial system on the State monetary shocks were not significant.

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Author Biography

Bruno de Paula Rocha, Departamento de Economia UFABC

Possui graduação em Ciências Econômicas pela Universidade Federal de Minas Gerais (2001) e doutorado em Teoria Econômica pela Universidade de São Paulo (2007). Tem experiência na área de Economia Aplicada, com ênfase em Macroeconomia, Economia Monetária e Bancária e Crédito.

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Published

2022-09-08

How to Cite

DE PAULA ROCHA, B.; SILVA, M. C. da. Does Financial Development Smooth local economic shocks?. Revista Brasileira de Estudos Regionais e Urbanos, [S. l.], v. 15, n. 3, p. 468–488, 2022. DOI: 10.54766/rberu.v15i3.621. Disponível em: https://revistaaber.org.br/rberu/article/view/621. Acesso em: 11 oct. 2024.

Issue

Vol. 15 No. 3 (2021): Revista Brasileira de Estudos Regionais e Urbanos

Section

Papers

License

Copyright (c) 2022 ABER

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The content published by the 'Revista Brasileira de Estudos Regionais e Urbanos' (Brazilian Review of Regional and Urban Studies) is licensed under a Creative Commons Atribuição 4.0 Internacional license. 

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