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 55
Page 195
... Profits Analysis of bank profits from the first available financial documents ( 1884 ) to the post - World War I years ( 1920 ) shows that the commercial banks that lent money at the short term were significantly more profitable than ...
... Profits Analysis of bank profits from the first available financial documents ( 1884 ) to the post - World War I years ( 1920 ) shows that the commercial banks that lent money at the short term were significantly more profitable than ...
Page 201
... profit rates and compare them to the domestic commercial banks . The Banco de Crédito Hypotecário performed quite well in São Paulo . Its initial returns from 1909 to 1914 were on the order of the profits gener- ated by the defunct ...
... profit rates and compare them to the domestic commercial banks . The Banco de Crédito Hypotecário performed quite well in São Paulo . Its initial returns from 1909 to 1914 were on the order of the profits gener- ated by the defunct ...
Page 252
... profit margin down . Research on banking in the late twentieth century uses low profits , not high , as the measure of a devel- oped and competitive financial system . Low profits from the beginning , how- ever , usually signal weakness ...
... profit margin down . Research on banking in the late twentieth century uses low profits , not high , as the measure of a devel- oped and competitive financial system . Low profits from the beginning , how- ever , usually signal weakness ...
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