Free Ebook: Propague Award 2020

Aiming to expand the debate and encourage studies on the financial system, we created the ProPague Award. With the help of a judging commission formed by renowned researchers, we selected the best academic papers about the Brazilian Financial System. All papers are in English and freely available in the Ebook Prêmio ProPague 2020.
Free Ebook: Propague Award 2020
Propague Team

All works in the ebook deals with very important issues for the Brazilian economy, such as banking concentration, low competition in the cost of credit, credit portability, spread reduction, monetary policy and mobile payments. Don’t miss the opportunity to access high-quality content for free.

About the winners:

1st place – Professional Category:

Bank Competition, Cost of Credit and Economic Activity: Evidence from Brazil.

Watch the video we made about the work by clicking here.


Bernardus Van Doornik: Holds a PhD degree in Finance from the University of Tilburg and Master’s degree in Administration from the University of Brasília. He is currently Deputy Head of the Department of Studies and Research at the Central Bank of Brazil.

Gustavo Joaquim: Holds a PhD in Economics from MIT – Massachusetts Institute of Technology and a Master’s degree in Economics from PUC-Rio. He currently acts as economist at the Federal Reserve Bank of Boston.

José Renato Ornelas: Post-doc at the University of Miami, PhD in Finance from Università Commerciale ‘Luigi Bocconi’, Master in Economics from the Catholic University of Brasília. Currently works as an analyst at the Central Bank of Brazil.

2nd place – Professional Category:

Credit portability and spreads: Evidence in the Brazilian market

Watch the video we made about the work by clicking here.


Gabriela Avancini Rodrigues: Master in Business Administration from Insper, Bachelor in Production Engineering from UFSCar – Universidade Federal de São Carlos. Currently she works as a Corporate Products Specialist at Banco Safra.

Paulo Furquim de Azevedo: PhD in Economics from USP – University of São Paulo. Currently coordinates the Center for Regulation and Democracy at Insper.

Paulo Sérgio Oliveira: Ph.D. candidate in Economics at Insper. Currently a Professor at Insper.

3rd place – Professional Category:

Cyclicality of Local Credit Markets and Monetary Policy Transmission

Watch the video we made about the work by clicking here.


Luiz C. Sacramento: PhD candidate in Economics at PUC-Rio, Master in Administration at FGV – Fundação Getúlio Vargas and Bachelor in Administration at UFJF – Universidade Federal de Juiz de Fora.

1st place – Student Category:

Mobile payments with digital wallets in Brazil: sensitive competitive issues for building the regulatory environment


Gabriela Uekita: Undergraduate student of Law at USP – University of São Paulo.

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