Native Capital: Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920This book studies the development of banks and stock and bond exchanges in São Paulo, Brazil, during an era of rapid economic diversification. It assesses the contribution of these financial institutions to that diversification, and argues that they played an important role in São Paulo's urbanization and industrialization by the start of the twentieth century. It finds that government regulatory policy was important in limiting and shaping the activities of these institutions, but that pro-development policies did not always have their intended effects. This is the first book on São Paulo's famous industrialization to identify the strong relationship between financial institutions and São Paulo's economic modernization at the turn of the century. It is unique in Brazilian economic history, but contributes to a body of literature on financial systems and economic change in other parts of the world. |
From inside the book
Results 1-5 of 84
... bank, and the Crédit Mobilier, an investment bank, either failed in the Great Depression of 1870 or abandoned long-term lending for commercial banking, leaving France with no institutional source of long term credit after 1880. The ...
... bank's ability to accommodate its clients. Naomi Lamoreaux shows that the unit banks founded in the first part of the nineteenth century specifically to finance industrial ventures had turned increasingly toward commercial finance in ...
... bank sector.52 Research on the Mexican stock and bond exchange reveals that this potential alternative capital market served a very narrow clientele. Instead of providing an important resource for industrial finance, the data on the ...
... bank operating in Brazil in the years immediately following independence was the Banco do Brasil, founded in the capital city of Rio de Janeiro to act as a central bank to the imperial government. Its principal function was to float ...
You have reached your viewing limit for this book.
Contents
Brokers and Business Finance under the Empire | |
The Republican Revolution and the Rise of | |
The Republican Revolution and the Failure | |
Commercial Banking and the Business | |
Conclusions | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |