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 60
... and the Failure of Universal Banking Chapter 6 - Commercial Banking and the Business of Development Chapter 7 - Conclusions Appendix - Profits NOTES BIBLIOGRAPHY INDEX List of Tables TABLE 2.1 TABLE 2.2 TABLE 2.3 TABLE.
... profit from the expanded chain of transactions and to protect their assets from overexposure to the vagaries of weather and soil conditions. São Paulo emerged from this scholarly flurry as the stellar example of economic diversification ...
... profits from previous years. In this environment that displayed little demand for large loans at long terms, the development of financial institutions tended to emphasize short-term credit to provide the liquidity firms needed for day ...
... achieve social goals, such as employment and high worker living standards, rather than profit maximization. This is virtually unthinkable in the North American market, where firms typically have a diffuse form of ownership.
... profits, thereby creating higher overall rates of growth and standards of living, but the distribution of those gains disproportionately benefits those with means.48 Politics influencing corporate structure affect the ability of the ...
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 | |