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 79
... shareholders in the event of a loss . By the 1880s , however , the Paulista was no longer receiving these guarantees , thanks to its steadily growing profitability . The end of the guarantee program coincided with the shift of the ...
... shareholders in the event of a loss . By the 1880s , however , the Paulista was no longer receiving these guarantees , thanks to its steadily growing profitability . The end of the guarantee program coincided with the shift of the ...
Page 96
... shareholders in the early 1890s and more than 2,100 shareholders a decade later.59 The growth in shareholders far outstripped the population growth of the state , which meant that the increase in shareholders was not a simple ...
... shareholders in the early 1890s and more than 2,100 shareholders a decade later.59 The growth in shareholders far outstripped the population growth of the state , which meant that the increase in shareholders was not a simple ...
Page 202
... shareholders in the 1895– 1905 period were similarly robust ( Table A.5 ) . The city - based banks paid an annual return to shareholders of between 7 percent and 16 percent , while regional banks paid from 9 percent to 19 percent ...
... shareholders in the 1895– 1905 period were similarly robust ( Table A.5 ) . The city - based banks paid an annual return to shareholders of between 7 percent and 16 percent , while regional banks paid from 9 percent to 19 percent ...
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