Um estudo da Caixa Econômica Federal: ajuste de portfólio e distribuição de recursos

Abstract

The period from 2004 to the beginning of 2011 in the Brazilian economy presented a process of growth higher than the average of the previous twenty years, accompanied by greater social inclusion. Even though adjustments were made between 2011 and 2013 to the growth model that had been implemented, it can be said that this model was maintained, essentially until 2013. The action of public banks was central to the implanted growth model, generating important impacts employment and income. In the case of Caixa Econômica Federal, in addition to its influence on civil construction and its anti-cyclical nature, its action also generated social impacts, since its performance began to favor the poorest populations, especially after the implantation of the Program Minha Casa Minha Vida. The hypothesis of the thesis is that Caixa Econômica Federal once again operated as public bank, but its action to reduce regional and intra-regional disparities, reaching areas of greater deficiency with real estate financing was more restricted.