SciELO - Scientific Electronic Library Online

vol.22 issue1A imposição do caráter social da produção por meio da concorrênciaEstrutura do mercado de trabalho metropolitano na região sul do Brasil, em 1995 e em 2005 author indexsubject indexarticles search
Home Pagealphabetic serial listing  

Services on Demand




Related links


Nova Economia

Print version ISSN 0103-6351


CROCCO, Marco. Centralidade e hierarquia do sistema financeiro brasileiro. Nova econ. [online]. 2012, vol.22, n.1, pp.31-79. ISSN 0103-6351.

The purpose of this article is to analyze the relationship between the financial system and the degree of centrality of the city where it is located. Initially, a unique theoretical discussion is conducted to analyze how the degree of centrality can affect the behavior of a bank in a specific location, based on the theory of liquidity preference and the concept of endogenous currency supply derived by Keynes (1937). After this theoretical discussion, an empirical investigation is conducted of the Brazilian case. A hierarchy of Brazilian municipalities is proposed, based on the hierarchy of the financial system in them. Based on this hierarchy, the behavior of the banking system is analyzed at each hierarchical level. The study concludes that space is an important element in the definition of the ways banking system operates, with clear consequences for the economic development of the regions.

Keywords : urban hierarchy; financial system; centrality.

        · abstract in Portuguese     · text in Portuguese     · Portuguese ( pdf epdf )


Creative Commons License All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License