Financial hierarchy and banking strategies: a regional analysis for the Brazilian case

nogueira, mara...[at al.];

The aim of this paper is to investigate whether Brazil�s financial system has a differentiated
strategy in space. The analysis is based on the theory of liquidity preference,
regionally differentiated. In addition, it assumes that the banking strategies
are associated with centrality, as defined in Christ�ller�s central place theory. The
analysis used indicators of 2,924 cities grouped according to the type of financial
services they provide. In addition, the paper presents an estimation using a dynamic
panel data econometric model for the period 2000�08, in order to test if the banking
strategies are related to the centrality of the cities