The behavior of liquidity preference of banks and public and regional development: the case of Brazil

摘要

This paper aims at analyzing the role of several monetary variables in the development of different regions based on the concepts of central place and on the Post Keynesian approach to regional economy. The concept of liquidity preference is used to analyze the effect of money behavior on the regional economic performance of regions inside Brazil. The analysis of data is accomplished by using principal component analysis and cluster analysis.