Innovative methodology publication wins Banking Economy award from Febraban

Professor Benjamin Miranda Tabak, from FGV’s School of Public Policies and Government (EPPG), along with co-authors Thiago Silva and Solange Guerra, both from the Central Bank of Brazil, won the INFI-Febraban Banking Economy Award. The study ranked first in the academic papers category.

Titled “Fiscal Risk and financial fragility”, the paper uses methodologies that are still unusual in the field of Economics, despite their potential to make relevant contributions to discussions in the field – particularly in banking economy. The authors use complex network models to break down the potential contagion between the likelihood of non-fulfillment of obligations between Brazilian states and its impacts on the financial system.

“The award given to this paper shows the importance of exploring alternative methodologies to answer relevant questions in the fields of economics and finance. It also opens the door for new research projects in the area”, said professor Benjamin Tabak.

Created in 2009, the INFI-Febraban Banking Economy Award promotes debate on the Brazilian banking economy, raising important questions about the national financial system. Go to the website for more information.