Impacto do aumento no valor de cobertura do programa de seguro depósito brasileiro na concentração bancária

• Ano de defesa: 2017
• Autor(a) principal: Verhalen, Gustavo Henrique
• Orientador(a): Weller, Leonardo
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Palavras-chave em Português: Seguro depósito; Concentração; Bancos
• Palavras-chave em Inglês: Deposit insurance; Concentration; Banks; Too-big-to-fail
• Link de acesso: http://hdl.handle.net/10438/18063

The banking industry is a poorly competitive market, there are several reasons related to this, entry costs are high, there are technological barriers to the creation of new banks, and there may be institutional barriers that prevent the entry of new firms. There are, however, elements that act to decrease banking concentration, and deposit insurance programs can act as an incentive for this decrease. The main purpose of deposit insurance is to stabilize banking systems, the guarantee on deposits that it provides aims to prevent the occurrence of bank runs. However, when this guarantee is added to the system, it levels up banks with different risk perceptions, thus allowing a rebalancement of deposits between banks. This dissertation aims to verify if the Brazilian deposit insurance program managed by the FGC (Brazilian deposit insurance fund) had a positive impact on the deconcentration of the Brazillian banking market. Empirical tests assesses whether there are distinctions between a group of banks considered of systemic importance and the other banks, which compose the Brazilian financial system (SFN in Portuguese). Hence, the dissertation investigates if the increase in the FGC coverage value increased the funds deposited into the Poupança (a popular kind of remunerated account) and term accounts of banks that do not have systemic importance. Evidence suggests that the performance of the FGC played an important role in compensating the process of market concentration in the Brazilian banking industry in the period between October 2006 and April 2012.