Catalogue Search | MBRL
Are you sure you want to remove the book from the shelf?
{{itemTitle}}
255
result(s) for
"Finance Brazil History."
Sort by:
Experiments in financial democracy : corporate governance and financial development in Brazil, 1882-1950
\"This book is a detailed historical description of the evolution of corporate governance and stock markets in Brazil in the late nineteenth and twentieth centuries. The analysis details the practices of corporate governance, in particular the rights that shareholders have to restrict the actions of managers, and how that shaped different approaches to corporate finance over time. The book argues that companies are not necessarily constrained by the institutional framework in which they operate. In the case of Brazil, even if the protections for investors included in national laws were relatively weak before 1940, corporate charters contained a series of provisions that protected minority shareholders against the abuses of large shareholders, managers, or other corporate insiders. These provisions ranged from limits on the number of votes a single shareholder could have to restrictions on the number of family members who could act as directors simultaneously. The investigation uses the Brazilian case to challenge some of the key findings of a recent literature that argues that legal systems (e.g., common vs. civil law) shape the extent of development of stock and bond markets in different nations. The book argues that legal systems alone cannot determine the course of stock and bond markets over time, because corporate governance practices and the size of these markets vary significantly over time, while the basic principles of legal systems are stable\"--Provided by publisher.
Book
The Financial Crisis of Abolition
From 1850 to 1914, Brazil enjoyed a long period of political and financial stability that was interrupted just once. During this rupture, 1889-1894, the country suffered two successful coups-d'etat, military government, civil war, and a disastrous decline in the value of the national currency. The five years of disorder and crisis came in the wake of the nation's abolition of slavery and related financial repercussions.
This book examines Brazil's crisis years, for the first time setting post-slavery financial decisions within their international and local historical contexts. Arguing against the \"European dependency\" interpretation of Brazil's history, John Schulz explains how planters' demands for easy credit after abolition were met with shortsighted economic policies. The failure of the expansionary monetary policy of the 1890s not only illuminates Brazil's history, it also suggests lessons relevant to financial and political decisions being made today.
eBook
Financial Crisis of Abolition
Intro -- Contents -- Preface to the English Edition -- Preface -- 1 Interests of the Elite -- 2 The International Financial System -- 3 Credit and Crises, 1850 to 1875 -- 4 Coffee Planters -- 5 Abolition -- 6 The Encilhamento -- 7 Orthodox Reaction: The Unsuccessful Phases -- 8 Stabilization -- 9 Reflections on Inflation -- Appendix: Public Finance in Brazil -- Notes -- Glossary -- A -- B -- C -- D -- E -- F -- G -- I -- L -- M -- N -- P -- R -- S -- U -- Bibliography -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W.
Book
Brazil country program evaluation, FY2004-11
This country program evaluation (CPE) evaluates World Bank Group (International Bank for Reconstruction and Development (IBRD), or the Bank, International Finance Corporation (IFC), and Multilateral Investment Guarantee Agency (MIGA) operations in Brazil from FY2004 through FY2011. It seeks to answer two questions: to what extent was the Bank Group program relevant to Brazil's development needs?, and how effective were Bank Group operations in helping to accelerate economic growth and making growth more inclusive and environmentally sustainable? The period reviewed was covered by two country strategies, one for FY2004-07 and the other for FY2008-11. The evaluation comments on aspects of the country partnership strategy (CPS) FY2012-15 with particular reference to its relevance and design. The report aims to extract lessons relevant to future Bank Group operations in Brazil. The study also examines the synergies between lending and knowledge services and the effectiveness of collaboration within the Bank Group and with external development partners. This report has five chapters. Chapter one gives purpose and country context. Chapter two summarizes the Bank Group operations and examines trends and patterns during the evaluation period. Chapters three and four assess the relevance and contributions of these operations to the objectives stated in the country strategies. The concluding chapter draws lessons and recommendations for the Bank Group's future engagement in Brazil.
eBook
The London money market and non-British bank lending during the first globalisation: evidence from Brazil
This study examines the relationship between the London money market (LMM) and the credit provision of non-British overseas banks in peripheral economies during the first wave of globalisation. Using monthly data between 1889 and 1913, we find a positive relationship between the amount of credit authorised by the German
Brasilianische Bank für Deutschland
in Brazil and the spread between the London market and floating rate. Our results suggest that increased demand for foreign bills and/or decreased borrowing costs in the LMM leads to an increase in credit supply. We use the impact of annual tax payments on the spread between the market and floating rate as an instrumental variable (IV) to show that this relationship is causal. Although there is a significant amount of literature on London’s historic role as a global financial centre and a growing number of studies on foreign banking history, little quantitative evidence is available about the connection between the two. This study bridges this gap.
Journal Article
Health litigation and cancer survival in patients treated in the public health system in a large Brazilian city, 2014–2019
Background
Litigation for health care, also known as health judicialization, is frequent in Brazil. It involves recourse to the court system to access health services. The study aimed to evaluate whether cancer patients in Belo Horizonte, Minas Gerais, Brazil, increased their overall survival by increasing access to certain drugs or treatments through litigation, controlling for the effect of demographic and disease-related variables.
Methods
A retrospective cohort study was conducted. Patients with breast, prostate, brain, lung, or colon cancers from 2014 to 2019 were included. Survival analysis was performed using the Cox proportional hazards model.
Results
In the multivariate analysis, litigation was significantly associated with increased survival in cancers of breast (HR = 0.51, 95%CI 0.33–0.80), prostate (HR = 0.50, 95%CI 0.30–0.85), colon (HR = 0.59, 95%CI 0.38–0.93), and lung (HR = 0.36, 95%CI 0.22–0.60). Five-year survival rates of patients who sued for treatment were 97.8%, 88.7%, 59.3%, and 26.0%, compared to median survival of 95.7%, 78.7%, 41.2%, and 2.4%, respectively, among patient that did not resort to court action. The study suggests that litigation for access to cancer treatment may represent a step forward in obtaining more effective treatment. This study´s main limitations are the lack of patients´ clinical information for use as control variables and the lack of variables to assess patients´ quality of life. The study also found that many cases involved claims that could have been solved by administrative rather than legal action. Some claims thus reflect the lack of adequate administrative procedures.
Conclusion
When based on scientific evidence, access to new therapies, combined with other technologies already available, can favor patient survival. Access to new therapies through litigation may increase health inequalities since low-income patients have limited access to legal recourse against the State to meet their needs. The timely approval of new effective therapies can mitigate the judicialization of cancer treatment.
Journal Article
Financial Resilience, Financial Ignorance, and their impact on financial well-being during the COVID-19 pandemic: evidence from Brazil
This study aims to introduce a measure of Financial Resilience for evaluating its influence on financial well-being amidst the COVID-19 pandemic. Financial Resilience, in this context, pertains to an individual's capacity to adapt, cope, and financially recover in the face of the new challenges posed by an economic downturn. We conducted a survey among 591 Brazilian citizens in 2021 and employed Structural Equation Modeling to examine the relationships between various constructs and validate our proposed measure of Financial Resilience. Our findings reveal a negative impact of the COVID-19 pandemic on Financial Resilience, resulting in heightened uncertainty and insecurity concerning individuals' financial future during this period. Notably, those with lower Financial Resilience were found to be the most financially vulnerable during the pandemic. These results provide valuable insights into the measurement of financial contingencies faced by the population and can be useful to policy and governmental strategies aimed at mitigating the social, economic, and financial repercussions of economic downturns. Fostering Financial Resilience and reducing vulnerability among lower-income individuals are critical objectives, particularly in times of economic uncertainty. While the concept of Financial Resilience is of paramount importance, the literature on this subject remains relatively nascent, with ongoing developments in measurement instruments. In this regard, our study contributes by proposing a concise measure of Financial Resilience through two simple questions.
Journal Article
The Porto Alegre Alternative
Porto Alegre in Brazil is famous as the city that pioneered a revolutionary kind of local democracy. Started over a decade ago by the municipal administration of the Brazilian Workers' Party (PT), this process - called the 'participatory budget' - has steadily attracted attention from around the world, including the UN and even the financial press.
This is the first book in English that allows the creators of the participatory budget to explain the process for themselves - what it is, how it is achieved, what benefits it brings. Written by key figures from Porto Alegre - including the former mayor and the head of the City Planning Office - it provides a unique insight into the revolutionary democratic changes that have proved such a success. It is also a practical how-to-do-it guide that will help local communities and policy-makers put these ideas into action.
The Porto Alegre experience shows that a truly different kind of political democracy is possible - it presents a real alternative to the current model of liberal representative democracy that has been eroded by unelected transnational institutions and multinational corporations.
eBook
British slave emancipation and the demand for Brazilian sugar
This paper studies the effect of British slave emancipation on the sugar industry in the north-east of Brazil. Combining pre-existing annual data on Brazilian exports and British, French, American and Hanseatic imports with a new monthly series of imports to Liverpool and New York, I argue that the British policies following emancipation were related to a rapid increase in the demand for Brazilian sugar in the British market towards the end of mid-century. The results of an interrupted time series analysis show that the effect was particularly large following the end of apprenticeship in 1838 and the passage of the Sugar Act in 1846. I estimate that over the period 1827–1853, slave emancipation increased Brazil’s market share by around five per cent, which corresponded to between 15 and 28 per cent of the volume of Brazilian exports. A comparison with markets unaffected by such policy treatments demonstrates that these trends were confined to the British market.
Journal Article
Development for sustainable agriculture : the Brazilian cerrado
Since the mid-1970s, the tropical savanna, known as Cerrado, has been transformed into one of the world's largest grain-growing regions. This book explores how and by what Brazil achieved inclusive and sustainable growth in the Cerrado.
eBook