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 66
... banking an intellectually challenging and rewarding experience. Flávio A. M. de Saes spent much of his valuable time discussing the problems of financial-sector development and generously made his own research available to me. My ...
... banking activities over the first half of the nineteenth century. Their ... sector would be characterized by single-proprietorships to an overwhelming ... banking and which had its heyday after the 1870s.36 The universal bank provided ...
... sector development and broader economic development. Stephen Haber's ... banks. Both the United States and Brazil experienced industrialization along a fairly ... banking system, preferring instead to develop institutions that could be ...
... 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 ...
... sector in São Paulo in the period 1850–1920, which demonstrates the clear trend toward increasingly formal intermediation. Initially based on personal relationships or family ties, the small São Paulo banking sector before the coffee ...
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 | |