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
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... capital : financial institutions and economic development in Sao Paulo, Brazil, 1850–1920 / Anne G. Hanley. p. cm.—(Social science history) Includes bibliographical references and index. 9780804788199 1. Capital market—Brazil—São Paulo ...
... evolved during the coffee boom and early industrialization—the capital markets. This book examines the emergence, development, and diversification of capital market institutions from their earliest, highly personalistic forms.
... capital market institutions from their earliest, highly personalistic forms through the coffee boom and bust, to maturity in the early twentieth century. I argue that the diversification of the capital markets in São Paulo, conditioned ...
... market with an idea and a little seed money and raise capital from investors in another community entirely. By drawing in resources from a broad pool of savers and by making these resources available to investors, these formal capital ...
... capital markets became more common, a variety of private capital market institutions operated to satisfy the demand for money. These private markets all shared the feature of being based on some personal relationship with the parties ...
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 | |