Author(s)

Vinicius Medeiros Magnani, Matheus da Costa Gomes, Rafael Moreira Antônio, Rafael Confetti Gatsios

Department of Accounting, University of Sao Paulo, Ribeirao Preto, Brazil.

This study investigated the effects of monetary policy changes on Brazilian banking efficiency during crises through data envelopment analysis and difference of means tests between March 2001 and June 2014. The results indicate an increase in the effectiveness of the banking sector given changes in domestic monetary policy, especially, in terms of allocative and economic efficiencies during a crisis.

Banking Efficiency, Monetary Policy, Economic Crises, Data Envelopment Analysis, Brazilian Banking

Magnani, V. , da Costa Gomes, M. , Antônio, R. and Gatsios, R. (2020) Impact of Monetary Policy Changes on Brazilian Banking Efficiency during Crises. Theoretical Economics Letters, 10, 1019-1030. doi: 10.4236/tel.2020.105059.