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Enterprise and Society Advance Access originally published online on October 24, 2006
Enterprise and Society 2006 7(4):827-829; doi:10.1093/es/khl061
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© The Author 2006. Published by Oxford University Press on behalf of the Business History Conference. All rights reserved. For permissions, please e-mail: journals.permissions@oxfordjournals.org.

Anne G. Hanley. Native Capital: Financial Institutions and Economic Development in São Paulo, Brazil, 1850–1920. Stanford, Calif.: Stanford University Press, 2005. xviii + 286 pp. ISBN 0-8047-5072-6, $55.00 (paper).

The first 10% of the full text of this article appears below.

Anne Hanley presents a lucid and impressive narrative of the evolution of financial markets in São Paulo, Brazil. She traces the evolution of the banking sector and São Paulo stock exchange from the end of the Empire (Brazil was an empire with a constitutional monarchy between 1822 and 1889) through the first three decades of the Republic (1889–1920) and the contemporaneous evolution of capital markets from their early "personalistic" stage to "maturity" in the early twentieth . . . [Full Text of this Article]

Aldo Musacchio

Harvard Business School


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