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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Page 11
... created a market much larger than the kin group , neighborhood , or village that had been the effective pool of savings for domestic personal intermediaries , and they created a market larger than the personal notarial or merchant ...
... created a market much larger than the kin group , neighborhood , or village that had been the effective pool of savings for domestic personal intermediaries , and they created a market larger than the personal notarial or merchant ...
Page 20
... created the provisions for the formation of joint - stock companies , the equivalent of the modern corporation , but saddled investors with such extraordinary liability that few businesses were able to raise funds in this way . Only big ...
... created the provisions for the formation of joint - stock companies , the equivalent of the modern corporation , but saddled investors with such extraordinary liability that few businesses were able to raise funds in this way . Only big ...
Page 192
... creating affiliate relationships with other banks and , ultimately , branch net- works of their own , they created a seamless regional market . And by gener- ating good returns for their investors , they signaled their own creditworthi ...
... creating affiliate relationships with other banks and , ultimately , branch net- works of their own , they created a seamless regional market . And by gener- ating good returns for their investors , they signaled their own creditworthi ...
Contents
Native Capital under the Empire | 24 |
1 | 47 |
Brokers and Business Finance under the Empire | 56 |
Copyright | |
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agricultural Antônio Araraquara balance sheets Banco Comercial Banco da Lavoura Banco de Crédito Banco de Santos Banco do Brasil Banco do Comércio Banco Mercantil Banco União bank's banking sector Brazil brokers business formation capital market Chapter coffee coffee production Comércio e Indústria commercial banks contos Correio Paulistano Crédito Real Decree deposits Diário Popular directors discounts dividends domestic banks economic development Encilhamento entrepreneurs Estado Estrada de Ferro exchange expansion export financial institutions firms foreign banks formed funds government bonds growth important intermediaries investors issue Ituana joint-stock companies Leis e Decretos lending liquidity loans Mercantil de Santos merchant million mil-réis Mogiana mortgage bank nineteenth century nomic operations Paulista Paulo banks Paulo Bolsa Paulo economy percent period Piracicaba planters portfolio profits province railroads Relatórios Ribeirão Preto Rio de Janeiro Saes São Carlos shareholders shares short-term credit slave sources stock and bond Table textile trade Triner universal banks urban