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 40
... short - term credit creation . Strains on the Financial Sector The overwhelming predominance of short - term credit in the first decades of formal banking reflected the trade - oriented nature of the economy . The imbalance between the ...
... short - term credit creation . Strains on the Financial Sector The overwhelming predominance of short - term credit in the first decades of formal banking reflected the trade - oriented nature of the economy . The imbalance between the ...
Page 142
... short - term from its long - term credit op- erations . This bank was free to use its funding however it wished , a privi- lege the earlier banks asked for but were not granted , as we saw above . Be- cause its funding was ...
... short - term from its long - term credit op- erations . This bank was free to use its funding however it wished , a privi- lege the earlier banks asked for but were not granted , as we saw above . Be- cause its funding was ...
Page 166
... short - term loans 14.5 22.3 92.4 95.5 107.3 96.6 92.8 % by domestic banks 77.6 57.8 93.1 87.4 68.9 72.5 69.6 % by foreign banks 22.4 42.2 6.9 12.6 31.1 27.5 30.4 Medium - term credit City commercial banks 2.8 1.4 Regional commercial ...
... short - term loans 14.5 22.3 92.4 95.5 107.3 96.6 92.8 % by domestic banks 77.6 57.8 93.1 87.4 68.9 72.5 69.6 % by foreign banks 22.4 42.2 6.9 12.6 31.1 27.5 30.4 Medium - term credit City commercial banks 2.8 1.4 Regional commercial ...
Contents
Native Capital under the Empire | 24 |
1 | 47 |
Brokers and Business Finance under the Empire | 56 |
Copyright | |
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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