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 89
... capital markets through the ages. Italian bankers, for example, dealt not in ... market economy expanded in the twelfth century, the Church shifted away from ... market as well as to spread risk. With the vast new overseas trade routes ...
... market. The textile obrajes that benefited from it produced enough cotton ... capital markets throughout the settled world. The rapid changes in local and ... market much larger than the kin group, neighborhood, or village that had been ...
... capital markets of early modern times. In the case of the village capital market, for example, the relationship between creditor and debtor was most likely both personal and unequal. The borrower generally had to be known to the lender ...
... market, in that the lenders and borrowers did not need to know one another, for example, their own personal connections to both parties were central to the market's operation, giving them a great deal of control over capital flows ...
... market. This was not an impersonal or anonymous financial market, but it was a robust and successful one that in the long run gave New England a significant edge in economic development over other regions of the United States.39 In ...
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 | |