HHI: Herfindahl-Hirschman Index |
BACEN (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
BACEN (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
VanHoose (2010)VanHoose, D. (2010). The industrial organization of banking: Bank behavior, market structure and regulation. New York: Springer.
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CR5: Five Major Concentration Ratio
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BACEN (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
BACEN (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
VanHoose (2010)VanHoose, D. (2010). The industrial organization of banking: Bank behavior, market structure and regulation. New York: Springer.
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Pit: Price loans of the FI i in t
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BCB (2017)
BCB (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
Ornelas et al. (2020)Ornelas, J. R. H., Silva, M. S da., & Van Doornik, B. F. N. (2020). Informational switching costs, bank competition and the cost of finance [Working Paper Series nº 512], Banco Central do Brasil, Brasília, DF, Brazil .Retrieved from https://www.bcb.gov.br/pec/wps/ingl/wps512.pdf
https://www.bcb.gov.br/pec/wps/ingl/wps5...
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TCit:Total cost of the FI i in t
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BCB (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
BCB (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
Ornelas et al. (2020)Ornelas, J. R. H., Silva, M. S da., & Van Doornik, B. F. N. (2020). Informational switching costs, bank competition and the cost of finance [Working Paper Series nº 512], Banco Central do Brasil, Brasília, DF, Brazil .Retrieved from https://www.bcb.gov.br/pec/wps/ingl/wps512.pdf
https://www.bcb.gov.br/pec/wps/ingl/wps5...
Turk-Ariss (2010)Turk-Ariss, R. (2010). On the implications of market power in banking: Evidence from developing countries. Journal of Banking & Finance. 34(4), 765-775. https://doi.org/10.1016/j.jbankfin.2009.09.004
https://doi.org/10.1016/j.jbankfin.2009....
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The funding (b1), borrowing and onlending (b2), and lease expenses (b3) are part of the Interest Expenses. |
w1it: Operating cost |
BCB (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
BCB (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
Ornelas et al. (2020)Ornelas, J. R. H., Silva, M. S da., & Van Doornik, B. F. N. (2020). Informational switching costs, bank competition and the cost of finance [Working Paper Series nº 512], Banco Central do Brasil, Brasília, DF, Brazil .Retrieved from https://www.bcb.gov.br/pec/wps/ingl/wps512.pdf
https://www.bcb.gov.br/pec/wps/ingl/wps5...
Turk-Ariss (2010)Turk-Ariss, R. (2010). On the implications of market power in banking: Evidence from developing countries. Journal of Banking & Finance. 34(4), 765-775. https://doi.org/10.1016/j.jbankfin.2009.09.004
https://doi.org/10.1016/j.jbankfin.2009....
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w2it: Financial intermediation cost |
BCB (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
BCB (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
Ornelas et al. (2020)Ornelas, J. R. H., Silva, M. S da., & Van Doornik, B. F. N. (2020). Informational switching costs, bank competition and the cost of finance [Working Paper Series nº 512], Banco Central do Brasil, Brasília, DF, Brazil .Retrieved from https://www.bcb.gov.br/pec/wps/ingl/wps512.pdf
https://www.bcb.gov.br/pec/wps/ingl/wps5...
Turk-Ariss (2010)Turk-Ariss, R. (2010). On the implications of market power in banking: Evidence from developing countries. Journal of Banking & Finance. 34(4), 765-775. https://doi.org/10.1016/j.jbankfin.2009.09.004
https://doi.org/10.1016/j.jbankfin.2009....
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y1it: Loan financial outputs |
BCB (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
BCB (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
Ornelas et al. (2020)Ornelas, J. R. H., Silva, M. S da., & Van Doornik, B. F. N. (2020). Informational switching costs, bank competition and the cost of finance [Working Paper Series nº 512], Banco Central do Brasil, Brasília, DF, Brazil .Retrieved from https://www.bcb.gov.br/pec/wps/ingl/wps512.pdf
https://www.bcb.gov.br/pec/wps/ingl/wps5...
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y2it: Liquid assets outputs |
BCB (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
BCB (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
Ornelas et al. (2020)Ornelas, J. R. H., Silva, M. S da., & Van Doornik, B. F. N. (2020). Informational switching costs, bank competition and the cost of finance [Working Paper Series nº 512], Banco Central do Brasil, Brasília, DF, Brazil .Retrieved from https://www.bcb.gov.br/pec/wps/ingl/wps512.pdf
https://www.bcb.gov.br/pec/wps/ingl/wps5...
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y3it: Other assets |
BCB (2018)Banco Central do Brasil. (2018). Relatório de economia bancária 2018. Retrieved from https://www.bcb.gov.br/content/publicacoes/relatorioeconomiabancaria/reb_2018.pdf
https://www.bcb.gov.br/content/publicaco...
BCB (2017)Banco Central do Brasil. (2017). Relatório de economia bancária 2017. Retrieved from https://www.bcb.gov.br/pec/depep/spread/REB_2017.pdf
https://www.bcb.gov.br/pec/depep/spread/...
Ornelas et al. (2020)Ornelas, J. R. H., Silva, M. S da., & Van Doornik, B. F. N. (2020). Informational switching costs, bank competition and the cost of finance [Working Paper Series nº 512], Banco Central do Brasil, Brasília, DF, Brazil .Retrieved from https://www.bcb.gov.br/pec/wps/ingl/wps512.pdf
https://www.bcb.gov.br/pec/wps/ingl/wps5...
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