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. |
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... exchange rate for the given year. One thousand mil-réis was called one conto, and was written as 1:000$000. Most references to Brazil's currency at the time, and in this book, were to either the mil-réis or the conto. SPELLING The rules ...
... exchange. The interlibrary loan departments at Northwestern University and Northern Illinois University and the outstanding collection of the Center for Research Libraries made Brazilian historical inquiry possible in Chicago. Much of ...
... exchanges. When communities are small and economic transactions are stable in number and in agents, interactions will likely be based on some personal connection. Parties involved in an economic exchange will have some knowledge of a ...
... exchange.14 The Evolution of Financial Institutions in Europe and Latin America Capital market institutions, like ... exchanges that dominate the modern capital markets became more common, a variety of private capital market institutions ...
... exchange. The business transactions we would call “credit” became recast as a simple agreement between two parties. Moreover, the Church defined usury as any interest rate above the prevailing market rates. These semantic twists allowed ...
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 | |