Munich Personal RePEc Archive

Demanda por moeda nos estados brasileiros: uma análise pós- -keynesiana em painel.

Almeida Levino, Natallya and Maia Gomes Lages, André and Jorge, Marco Antonio (2010): Demanda por moeda nos estados brasileiros: uma análise pós- -keynesiana em painel. Published in: Ensaios FEE , Vol. 34, No. n.1 (10 July 2013): pp. 225-252.

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Abstract

The interface between Monetary and Regional Economics is still little explored in Brazil. In this sense, the present paper aims to show the influence of regional aspects on the agent’s liquidity preference. Thus the paper is divided in four sections beyond a brief introduction. In the first one a survey of the literature which relates money demand and territorial aspects is presented. The second one discusses the working up of the variables and the model. This model confronts liquidity preference with HDI – Human Development Index and a variable comprised of population divided by the number of bank agencies (a proxy to the inverse of credit availability) and employs panel data analysis. The next section presents the results: the demand for money tends to be smaller in more developed Brazilian states, conforming to the model forecasts. The relationship between liquidity preference and credit availabilityl however is not statistically significant.

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