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 1-3 of 56
Page 122
... issue to inject liquid resources into the economy . Banks of issue could print their own banknotes , which were redeemable at any other bank holding a similar charter and , like the notes of the early Banco do Brasil , had the full ...
... issue to inject liquid resources into the economy . Banks of issue could print their own banknotes , which were redeemable at any other bank holding a similar charter and , like the notes of the early Banco do Brasil , had the full ...
Page 131
... issue . Total currency stock , by way of comparison , grew at between 10 percent and 36 percent per year during the same period.52 Clearly the Banco União was not the culprit in this inflation . Refusing the notes of the banks of issue ...
... issue . Total currency stock , by way of comparison , grew at between 10 percent and 36 percent per year during the same period.52 Clearly the Banco União was not the culprit in this inflation . Refusing the notes of the banks of issue ...
Page 246
... issue had to deposit the equivalent value of their issue in government bonds with a special government bank , the Caixa de Amortização , effectively placing an upper - limit value of issues equal to 100 percent of their paid - in ...
... issue had to deposit the equivalent value of their issue in government bonds with a special government bank , the Caixa de Amortização , effectively placing an upper - limit value of issues equal to 100 percent of their paid - in ...
Contents
Native Capital under the Empire | 24 |
1 | 47 |
Brokers and Business Finance under the Empire | 56 |
Copyright | |
12 other sections not shown
Other editions - View all
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