Credit portability and spreads: Evidence in the Brazilian market

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dc.contributor.authorPAULO FURQUIM DE AZEVEDO
dc.contributor.authorRibeiro, Paulo
dc.contributor.authorRodrigues, Gabriela
dc.coverage.paisEstados Unidospt_BR
dc.creatorRibeiro, Paulo
dc.creatorRodrigues, Gabriela
dc.date.accessioned2022-08-23T00:26:11Z
dc.date.available2022-08-23T00:26:11Z
dc.date.issued2019
dc.description.notesTexto completopt_BR
dc.description.otherCredit portability is frequently advocated as a mechanism to foster competition in the banking industry, to lower spreads and to contribute to the development of financial intermediation. Yet there were no empirical studies that measured the effect of this policy on spreads. This article evaluates the effect of the portability resolution in the Brazilian credit market that was intended to facilitate borrowers to change from one financial institution to another whenever they have access to better credit conditions. By lowering switching costs, the portability resolution pro motes competition among incumbent banks and consequently reduces credit spreads. Using difference-in-differences with matching estimation for 231 Brazilian financial institutions, we find that credit spreads for types of credit susceptible to portability become significantly lower than credit spreads for other types of credit that were not benefited by the new lawpt_BR
dc.format.extentp. 1-12pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doihttps://doi.org/10.1016/j.jeconbus.2019.05.001pt_BR
dc.identifier.issn1486195pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4081
dc.identifier.volume106pt_BR
dc.language.isoPortuguêspt_BR
dc.publisherElsevierpt_BR
dc.relation.ispartofJournal of Economics and Businesspt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITORpt_BR
dc.subject.keywordsCreditpt_BR
dc.subject.keywordsPortabilitypt_BR
dc.subject.keywordsCompetition Spreadpt_BR
dc.titleCredit portability and spreads: Evidence in the Brazilian marketpt_BR
dc.typejournal article
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublication25ce9242-4c33-4eb0-8fd6-db1b8dc52452
relation.isAuthorOfPublication.latestForDiscovery25ce9242-4c33-4eb0-8fd6-db1b8dc52452
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