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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... bankers were not much interested in investment banking, they were more than happy to continue offering their commercial banking products. In fact, the sector underwent significant expansion in size and in geography as a result of the ...
... banking establishments to “[mushroom] on all sides” to collect and distribute these funds.29 Six isolated establishments were tolerable. Mushrooming, unregulated establishments were not. The ... bankers as merchants whose primary operations.
... bankers as merchants whose primary operations were banking operations, and it said that banking operations would be ruled by the general guidelines of contracts established in the code.31 It contained provisions regulating the creation ...
... banking regulations contained in the Commercial Code were more carefully codified a decade later in a decree specifically drafted to regulate the creation and organization of banks. 34 Any company that sought to provide banking services ...
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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 | |