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 126
... mil - réis in deposits and had ac- cepted over 1 million mil - réis worth of collateral for guaranteed lines of credit . It had discounted 500,000 mil - réis of commercial paper , had ex- tended another 500,000 in short - term loans ...
... mil - réis in deposits and had ac- cepted over 1 million mil - réis worth of collateral for guaranteed lines of credit . It had discounted 500,000 mil - réis of commercial paper , had ex- tended another 500,000 in short - term loans ...
Page 127
... million mil - réis subsidy from the national treasury . As a re- sult of this dramatic expansion , the bank grew from about 30 million mil- réis in total assets in 1888 to 65 million mil - réis in total assets after its acqui- sition of ...
... million mil - réis subsidy from the national treasury . As a re- sult of this dramatic expansion , the bank grew from about 30 million mil- réis in total assets in 1888 to 65 million mil - réis in total assets after its acqui- sition of ...
Page 251
... million mil - réis of credit flowed from the Banco de Crédito Real to agri- cultural mortgages in the first years of the Republic . An additional four million mil - réis in urban mortgages were registered on the 1892 balance sheet ...
... million mil - réis of credit flowed from the Banco de Crédito Real to agri- cultural mortgages in the first years of the Republic . An additional four million mil - réis in urban mortgages were registered on the 1892 balance sheet ...
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