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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... domestic economic development. In fact, within a couple of years of reforming the regulatory environment and stimulating growth, new administrations applied the brakes and threw recently formed companies out of business. The investment ...
... banks and one Rio-based domestic bank, by the time the coffee boom was in full swing these institutions had been dwarfed by local banks concerned almost exclusively with regional enterprise. Although the value of foreign capital ...
... domestic business.21 There didn't appear to be any such need. The import /export houses had long experience in ... banks in Brazil, the type we typically think of as taking deposits or making loans, developed free of any sort of government ...
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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 | |