Blended finance programs combine public and private funding to ease credit constraints of
specific firm segments. While rapidly gaining popularity, little evidence exists on their …

Brazil initiated a major credit expansion program through government banks in 2011. The
program primarily targeted public sector workers, who had stable payroll, with offers of …

How relevant are government-owned banks in the economy, especially during recessions?
We study the role of government-owned banks in a dynamic stochastic general equilibrium …

Brazil initiated a major credit expansion program through government banks in 2011. The
program primarily targeted public sector workers with offers of payrollbacked loans. Using …

In the first chapter of my thesis, titled “Interventions in Credit Markets and Effects on
Economic Activity: Evidence from Brazil,” I investigate the impact of the Brazilian government …

Looking at Brazilian bank branch-level data, I investigate the impact of the government
policy implemented in March 2012, aimed at increasing credit supply through public banks …

Brazil initiated a major credit expansion program through government banks in 2011. The
program primarily targeted public sector workers with offers of payroll-backed loans. Using …