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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Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. generally had to be known to the lender or else there would be no way to determine their creditworthiness. Moreover, the lender was most ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. 33 of entry to investment. The type of financial institutions an economy possessed turned out to be very important in influencing the manner ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. withdrew from banking activities over the first half of the nineteenth century. Their information advantage (connections to savers and ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. presented an interesting mix of personal and institutional financial intermediation.38 Here, traditional kin groups interested in founding ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. investment banks failed, although not without first destroying the banking business of the Parisian notaries.41 Britain's financial ...
Contents
Brokers and Business Finance under the Empire | |
The Republican Revolution and the Rise of | |
The Republican Revolution and the Failure | |
Commercial Banking and the Business | |
Conclusions | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |