The Evolution of Brazil's Banking System (original) (raw)

Banking in the Portuguese Colonial Empire (1864-1975)

2011

This paper provides a general view of the evolution of banking in the Portuguese Colonial Empire between the founding of the first Portuguese colonial bank in 1864 and the independence of most Portuguese colonies in 1975. The text summarizes the legal background, presents the banks existing during that period, examines their businesses and discusses their contribution to the economic evolution of the territories under consideration. As the paper's main conclusions, it may be said that: (i) Portuguese colonial banking followed the continental model of government initiative and tight control, not the British model of private initiative without much government control; (ii) the development of Portuguese colonial banking was always mainly a matter of profiting from the opportunities afforded by economic evolution rather than a matter of autonomously fostering the economic development of the territories.

Banks and banking sector reforms in Brazil: an exploratory study

Banks and Bank Systems, 2017

This paper gives an overview of the banking sector in Brazil; it highlights the reforms undertaken since the late 1980s, and through to 2011, it tracks the growth of the banking sector in response to the reforms implemented thus far; and finally, it highlights the challenges facing the Brazilian banking sector. In particular, the study attempts to assess whether the Brazilian banking system has experienced any phenomenal growth since the implementation of the banking sector reforms in the late 1980’s. Since the late 1980’s, the Brazilian government has implemented a number of banking sector reforms – in order to safeguard and improve the banking sector. As a result of these reforms, the country has enjoyed a substantial growth in its banking sector; and its institutional framework has grown stronger. There has also been an improvement in the Central Bank’s oversight of the financial institutions. The Brazilian banking sector is today one of the most developed banking sectors in the ...

Brazil ’ s largest private banks : an economic and sociopolitical profile

2008

This study examines elements of the power of financ ial institutions, emphasizing control over capital flow – characterized as financial hegemony – the co nstitution of economic or financial groups, the structure of representation of the segment's class interests, and its participation in the political p rocess and in State decision-making mechanisms. Considerin g the economic restructuring undergone by Brazil in the 1990s, the work draws a profile of th e ten largest private banks based on selected economic and sociopolitical indicators. Beyond thei r stance as mere financial intermediaries, it indicates the degree to which those banks become ec onomic groups and, especially, larger organizational units, which is shown in connections with the State and in the class's actual organization and actions in the corporate and polit ica realms.

Brazil's largest private banks: an economic and soc iopolitical

2007

This study examines elements of the power of financ ial institutions, emphasizing control over capital flow ‐ characterized as financial hegemony ‐ the co nstitution of economic or financial groups, the structure of representation of the segment's class interests, and its participation in the political p rocess and in State decision-making mechanisms. Considering the economic restructuring undergone by Brazil in the 1990s, the work draws a profile of th e ten largest private banks based on selected economic and sociopolitical indicators. Beyond thei r stance as mere financial intermediaries, it indicates the degree to which those banks become ec onomic groups and, especially, larger organizational units, which is shown in connections with the State and in the class's actual organization and actions in the corporate and polit ical realms.

The Economic Consequences of Financial Regimes: A New Look at the Banking Policies of Mexico and Brazil, 1890-1910

America Latina En La Historia Economica, 2015

This paper compares the consequences of different financial policies adopted in Mexico and Brazil in the decades before World War I. In the 1890s, the national governments of Mexico and Brazil pursued strikingly different policies toward banking regulation. In Brazil, after the fall of the monarchy, authorities briefly experimented with financial liberalization. In Mexico, in the same era, public officials created a banking system with more constraints and regulations. We compare the costs and benefits to the financial systems and the macroeconomic effects of these different banking regimes, thereby revisiting two classic concerns of financial historians, the costs of financial fragility versus the benefits of financial liberalization. We look at the outcomes for financial sectors and consider the differences in broad measures of overall economic performance under stress.

Some Political Changes in Brazilian Financial Institutionalization Path

Passagens Revista Internacional de História Política e Cultura Jurídica, 2012

This article discusses recent political changes in the trajectory of financial institutionalisation in Brazil. It considers how, since Lula's two mandates, the Brazilian financial system has trialled several changes to its characteristics in comparison to the events of the 1990s. These new trends have also occurred mainly because during Lula's two mandates and today's mandate under Dilma Rousseff, a developmental economic policy has been implemented in which Brazilian state-owned banks play a more active role. This is especially true of the approach to 2008's international financial crisis and that employed since August 2011, which has seen the Central Bank of Brazil (BCB) liaising with other public economic agencies, such as the Ministry of Finance, under the political authority of the Brazilian president.

Some aspects of commercial bank structure in Brazil since 1955

1968

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