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 6-10 of 93
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. Lending was based on personal connections and was limited by the willingness of the lender to assume risks. Information and trust were ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. break down. In this case, something must take the place of the personal relationships. Economic sociology posits that the stress of a rapidly ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. vast new overseas trade routes opened as a result of the fifteenthand sixteenth-century voyages of discovery, merchant credit practices were ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. 23 income from the extension of credit. So wealthy and powerful was the colonial Church that elite families consciously sought ties to it ...
Financial Institutions and Economic Development in São Paulo, Brazil, 1850-1920 Anne G. Hanley. savings for domestic personal intermediaries, and they created a market larger than the personal notarial or merchant contacts. Formal ...
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 | |