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 70
... banks and exchanges that dominate the modern capital markets became more common, a variety of private capital market ... domestic credit. Moreover, the notarial connection was personal, but the saver/ borrower connection was not ...
... domestic entrepreneurs, from bakers to silversmiths, depended on the extension of credit from merchants and ... banks and stock and bond exchanges became important sources of credit, both for business formation and for daily ...
... domestic personal intermediaries, and they created a market larger than the personal notarial or merchant contacts ... banks, among other financial innovations, in the nineteenth century. These banks were able to lend funds for ...
... banks formed during the coffee boom “might use some of their credit- creating capacity to finance manufactures ... domestic resources from the agricultural to the modern sector to occur. In this book, I argue that the financial ...
... banks, brokers, and two separate stock and bond exchanges arose to create complementary institutions that first ... domestic enterprises that built São Paulo's industrial base (investment). Stimulated by economic expansion on the ...
Contents
1 | |
Brokers and Business Finance under the Empire | |
The Republican Revolution and the Rise of | |
The Republican Revolution and the Failure | |
1 | |
Commercial Banking and the Business | |
TABLE A 4 | |
Conclusions | |
TABLE A 7 | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |