Banking and Economic Development

In this research program we will investigate whether and how the structure of the banking system, the structure of firms’ relationships with banks, and credit information sharing mechanisms can help to overcome firms’ financing problems to promote economic development. This topic is of utmost importance for Brazil, especially for small and medium-sized enterprises (SMEs) and in times in which economic growth has been slowing down dramatically. Researchers, practitioners and policy makers are searching for answers to turn the situation around.


This research program features research projects that will be undertaken by CBFR researchers together with internationally and nationally renowned researchers, using Brazilian and international data. The results of these research projects are likely to generate useful insights that will impact the Brazilian society, firms, regulators, bankers, and policymakers.