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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Page 17
... growth , it seems that such implications would be im- portant . The first model protects worker income but may hinder broad eco- nomic development by limiting business expansion . The closely held nature of stock ownership in such firms ...
... growth , it seems that such implications would be im- portant . The first model protects worker income but may hinder broad eco- nomic development by limiting business expansion . The closely held nature of stock ownership in such firms ...
Page 101
... growth of the urban public service , industrial , and commer- cial firms after 1905. These groups together laid claim to just under 15 per- cent of total paid - in equity capital represented on the exchange in 1905 , most of it in ...
... growth of the urban public service , industrial , and commer- cial firms after 1905. These groups together laid claim to just under 15 per- cent of total paid - in equity capital represented on the exchange in 1905 , most of it in ...
Page 215
... growth in the late twentieth century have found that the mere existence of a stock exchange itself is not correlated with growth . Rather , it is the ability to trade stocks that allocates resources and promotes growth ( Levine and Zin ...
... growth in the late twentieth century have found that the mere existence of a stock exchange itself is not correlated with growth . Rather , it is the ability to trade stocks that allocates resources and promotes growth ( Levine and Zin ...
Contents
Native Capital under the Empire | 24 |
1 | 47 |
Brokers and Business Finance under the Empire | 56 |
Copyright | |
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Common terms and phrases
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