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 80
... raise significant sums through debenture issues . In one example , the Soro- cabana Railway raised close to 2,000 contos , or one million dollars , through a debenture issue in 1878.80 The Paulista Railroad issued 1,500 debenture bonds ...
... raise significant sums through debenture issues . In one example , the Soro- cabana Railway raised close to 2,000 contos , or one million dollars , through a debenture issue in 1878.80 The Paulista Railroad issued 1,500 debenture bonds ...
Page 83
... raised from native investors through the sale of equity capi- tal.85 Almost 65 percent of public utility finance and more than 77 percent of railroad finance came from domestic stock and bondholders . Total do- mestic capital raised to ...
... raised from native investors through the sale of equity capi- tal.85 Almost 65 percent of public utility finance and more than 77 percent of railroad finance came from domestic stock and bondholders . Total do- mestic capital raised to ...
Page 110
... raised one loan valued at close to 4 million pounds sterling by leasing the state - owned Sorocabana Railway . It raised an additional 17 mil- lion pounds sterling in 1907 and 1908 to pay for the coffee purchases . These loans clearly ...
... raised one loan valued at close to 4 million pounds sterling by leasing the state - owned Sorocabana Railway . It raised an additional 17 mil- lion pounds sterling in 1907 and 1908 to pay for the coffee purchases . These loans clearly ...
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