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 44
... banks formed at mid-century.35 The great banks that formed after 1850, including the Crédit Foncier, a mortgage bank ... foreign merchants and to German exporters to make sure that the goods produced by their industrial affiliates could ...
... foreign capital had a sizable presence in the São Paulo economy, it did not compete with or supplant the domestic ... banks into the long-term lending business. With an eye toward creating the universal banks that had been so important ...
... foreign capitalists, or even Brazilian capitalists from the wealthier region of Rio de Janeiro, overshadowed Paulista financiers. Although São Paulo's banking sector was initially formed by a combination of old foreign banks and one Rio ...
... foreign trade from booming world demand for Brazilian coffee changed the liquidity needs of the coffee economy by ... banks and stock brokerages. To a great extent, then, the monetary resources required for plantation expansion and ...
... foreign debt, stocks in companies of any type, and negotiable paper. In addition, banks could make loans “of any type,” engage in currency exchange, take deposits, and open lines of credit. In sum, banks could undertake “any operations ...
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 | |