Flexibilização da oferta de crédito e fragilidade financeira das famílias brasileiras

Abstract

The opportunity to have access to banking resources directly impacts the consumption and investment patterns of economic agents. The literature points out that financial innovations and the relaxation of contractual requirements allow the growth of loans granted to borrowers, which can generate an unsustainable debt in the long term. In the case of the families, there is the possibility that a part of the consumers may compromise their household budgets, thus generating insolvency. In this sense, this master's thesis aims at showing that a relaxation of the requirements in the terms of credit granting makes the financial position of families fragile. In order to do that, an econometric estimation was developed using the Vector Error Correction Model (VECM) using data for Brazil between 2005 and 2019. The results show that the financial situation of family units is impaired after a more flexible credit supply.