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 46
... business formation and for daily operations. The advantages of formal intermediaries over personal capitalists were huge. First and foremost among the benefits was the fact that they created a market much larger than the kin group ...
... business of the Parisian notaries.41 Britain's financial institutions in the nineteenth century remained almost ... formation, and the effect of those institutions on economic growth, have varied greatly in historical experience ...
... business expansion. The closely held nature of stock ownership in such firms also reduces the ability of the stock ... formation and expansion through the efficient allocation of capital. The efficiency of the financial sector, in turn ...
... business and development projects. These businesses and projects would lay the groundwork for explosive regional ... formation of joint-stock companies, the equivalent of the modern corporation, but saddled investors with such ...
... business regime. This new regime immediately sought to reform the regulatory legislation that had done so little for ... formation that was beyond the reach of traditional kin group or community finance. Moreover, the Bolsa was a purely ...
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 | |