Crises financeiras: causas e efeitos II

A concorrência dos bancos e outros intermediários financeiros com a perda do importante papel que os bancos comerciais tinham tradicionalmente desempenhado, o aumento fora do balanço (off-balance), além da participação de novos instrumentos financeiros, ou seja, , novas formas de investimento estão levando a questão de saber se os bancos comerciais estão em declínio ou estão mudando seus papéis, como o resultado da inovação financeira eo surgimento de novos produtos, integração, globalização e do crescente papel da mecanismos de mercado na determinação dos preços e da distribuição.

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Na verdade, as crises bancárias são o resultado do aumento da competitividade dos serviços prestados pelos intermediários financeiros em mercados altamente integrado em todo o mundo, bem como a participação de intermediários não bancários.

É importante mencionar que o processo de desintermediação impulsionado pela concorrência tem levado a uma tendência para “… diminuição das operações tradicionais que compõem os balanços dos bancos, os cortes de custos e consolidação das operações de banco de atacado, bem como expansão das actividades bancárias que não constam em seus balanços.

Dada a contínua perda de participação dos bancos no passivo das empresas, aumentou rapidamente a partir de fundos de investimento e de papel comercial “(FMI, setembro de 1992). Para isto deve ser adicionado a busca de mais rentáveis em mercados de valores mobiliários e ao declínio dos empréstimos concedidos pelo tradicional dos bancos comerciais no ambiente global (FMI, Novembro de 1992).

A expansão das atividades bancárias para as áreas não-tradicionais, ocorre no momento de desenvolvimento extraordinário de outras empresas financeiras e não financeiras, que têm vindo a fornecer serviços como o bancário e formação de “bancos não-bancárias”.

A institucionalização dos mercados financeiros também progrediu rapidamente, aumentando o refinanciamento e profissionalismo de todos os participantes. Os investidores e credores cada vez mais atuar como instituições no mercado, com todas as vantagens que isso envolve. Esta tendência tem implicações importantes para os mercados financeiros.

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