Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/186634 
Year of Publication: 
1998
Series/Report no.: 
Texto para discussão No. 390
Publisher: 
Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia, Rio de Janeiro
Abstract: 
Brazil has recently made great strides in opening its domestic banking market to foreign participation, contrary to what one would have expected from its negotiating stance in regional and multilateral fora dealing with trade in financial services. We review the possible gains from such unilateral liberalization move, and proceed to measure one specific gain that appears most promising: improvements in cost efficiency in the production of banking services. Our results indicate that these gains indeed materialized, although not to the same extent in all segments of the banking market.
Document Type: 
Working Paper

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