Indicadores de liquidez versus modelo dinâmico: aplicação no período pré e pós-crise no segmento bancos

Abstract

Research shows that Brazil, in the presence of the 2008 financial crisis that swept the world economy, got to cross the turbulence created in this context and the banking financial institutions have remained relatively strong during this period, suffering only minor impacts when observed foreign companies, which suffered severely, some being sold at derisive prices and other declaring bankruptcy. An item that can explain this fact is the good management of financial resources that Brazilian banks practice, aimed at liquidity in its operations. In the literature, there are two financial management techniques for decision-making: the traditional model, using liquidity indicators and the dynamic model (Model Fleuriet). In order to verify the fastness of Brazilian banks before and after the crisis, this study sought to analyze the quality of financial management by applying the two techniques cited. The survey demonstrated that changes in financial management, credit retraction, leverage the financial investments and marketable securities were points that neutralized the impacts caused by the financial crisis. Highlights the actual forms of the bacen acting as the regulatory aspects of risk mitigation with the national financial system, providing liquidity, operational leverage and capital structure consistent with the needs required by the behavior of the internal market.