Cooperativismo de crédito: uma análise da formação da taxa de juros

Abstract

The present study aims to investigate the formation of interest rates in credit cooperatives, comparing them with rates practiced by traditional banks, particularly within the context of corporate credit transactions. Analyzing these rates is crucial to evaluate potential distinctions in pricing between these types of financial institutions. The primary goal is to comprehend rate formation through a theoretical interpretation based on the agency pro blem, considering that owner interests may not align with those of the agent. The theoretical approach offers a viable and timely perspective to understand interest rate determination within the scope of credit cooperatives. Regarding methodology, the stud y employs quantitative primary data on interest rates, juxtaposed with qualitative analysis derived from selected interviews. The results obtained provide a comprehensive understanding of the diverse determinants influencing interest rates, encompassing fa ctors both of external origin, such as the SELIC rate, and internal origin, such as incurred costs and the trend toward reducing bank spreads.