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 6
... limited to the size of its immediate good fortune . If a society was lucky and pro- duced a surplus , its savers could pool their resources and lend them out for productive use . But this sort of primitive capital market was fraught ...
... limited to the size of its immediate good fortune . If a society was lucky and pro- duced a surplus , its savers could pool their resources and lend them out for productive use . But this sort of primitive capital market was fraught ...
Page 56
... limited in the supply of funds they could muster , and commercial , in- dustrial , and agricultural entrepreneurs were limited in their ability to bor- row funds by the need to know a financier . Banks were an important insti- tutional ...
... limited in the supply of funds they could muster , and commercial , in- dustrial , and agricultural entrepreneurs were limited in their ability to bor- row funds by the need to know a financier . Banks were an important insti- tutional ...
Page 114
... limited liability and lower capital requirements , and became a criti- cal institution for the state's economic ... limited to just short - term activities and therefore tended to specialize in taking deposits , discounting bills , and ...
... limited liability and lower capital requirements , and became a criti- cal institution for the state's economic ... limited to just short - term activities and therefore tended to specialize in taking deposits , discounting bills , and ...
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