A sensibilidade dos bancos brasileiros às variações nas taxas de juros em contexto de inflação elevada
This paper examines the interest rate exposure of banks as measured by their monthly stock returns. The financial literature showed that the returns on bank stocks are negatively affected by unanticipated changes in interest rates. These findings were explained by the degree of mismatch in the dura...
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| Format: | Article |
| Language: | Portuguese |
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Universidade de São Paulo
1997-04-01
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| Series: | Economia Aplicada |
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| Online Access: | https://www.revistas.usp.br/ecoa/article/view/217573 |