Renato Leite Marcondes

Bancos na transição republicana em São Paulo: o financiamento hipotecário (1888-1901)

The republican transition introduced great changes to the Brazilian and especially Sao Paulo economy, through abolition of slavery, immigration promotion programs, coffee boom and monetary reforms. At this moment, the city of Sao Paulo became a great center of these changes. The banking institutions consisted of important agents in the financial market. We analyze the performance of the banks in the supply of the mortgages loan in the city of Sao Paulo of 1888 the 1901. Our research crosses bank balance sheets with mortgage registries to investigate the profile and behavior of institutional long term credit during a critical era in Sao Paulos history. We argue that the mortgage market at this had dramatic expansion and diversified of what they had pointed the previous studies regarding the banking and economic development. Mortgage banks were the single most important source of mortgage lending in the paulistano market, but sharply curtailed their new loan writing toward the end of the 1890s. Commercial banks lent money in mortgages for longer time periods than was typical for this type of institutions. Even foreign commercial banks, which were warned away from transactions with long time horizons, entered this market.

O mercado brasileiro do século XIX: uma visão por meio do comércio de cabotagem

The Brazilian market in the XIX century: an approach through the cabotage commerce. The maritime commerce consisted of the main way of circulation of the goods between the Brazilian provinces until the second half of century XIX. Although the relatively big importance of the flows of commerce with the exterior, we note significant exchange of goods by sea between the Brazilian regions since the colonial period. A part of these exchanges derived from products destined in last instance to the foreigner or imported of the exterior. However, another part elapsed of national goods that had not arrived at be exported to the international market. Many goods for the colonial and imperial consumption had circulated by the Brazilian coasts in expressive sums. From the information raised for the imperial period, especially the decades of 1860 and 1870, we verify that most of the goods commercialized between the provinces consisted of national products destined to the internal consumption.

Crédito privado antes da grande depressão do século XX: o mercado hipotecário

Despite the existing restrictions, the mortgage market grew up in Brazil throughout the nineteenth century and beginning of XX. The institutional changes made possible the market expansion by means of banks and private agents, mainly during the second half of nineteenth century. There was an advance of the banking system, especially at the end of the nineteenth century, even with the expressive presence of foreign institutions at the beginning of the twentieth century. Although these transformations occurred in the period of the study, the mortgage market was still concentrated in the hands of private agents. Almost the totality of transactions happened between individuals. Even at the beginning of the twentieth century, when there was an advance in the banking system, the moneylenders still performed a much more significant quantity of mortgage transactions than the banks.

Duas fontes documentais para o estudo dos preços dos escravos no Vale do Paraíba paulista

We study slave prices in four localities of the Vale do Paraiba (Sao Paulo) based on a comparison of two distinct primary sources in the period 1872-1874. For Cruzeiro and Lorena, we used the Lista de Classificacao para Emancipacao. For Guaratingueta and Silveiras, we used the escrituras de compra e venda de cativos. The similarities and differences found reflected the characteristics of each source. The escrituras give the slave prices nearest of the market values; nevertheless, they do not encompass the slave population as a whole. On the other hand, the Lista de Classificacao bring the information for almost the totality of the slaves, but is less accurate in the individual evaluations.

Mortgages for machinery: credit and industrial investment in pre-World War I Brazil

How could a primitive credit market finance the early industrialisation of an underdeveloped economy? To answer this question, we use a hand-collected data set of mortgage loans raised by industrial firms in the city of SA£o Paulo during the period 1866-1914. These mortgages were debt obligations collateralised by land, improvements, machinery and equipment. We argue that the mortgage credit market was a key source of funding for early industrial investments in Brazil. We find that industries were mainly funded by non-banking and domestic agents. The empirical evidence suggests that mortgages were an important proxy for industrial investment.

Trocando de mãos: o mercado de imóveis rurais em Ribeirão Preto (1874-1930)

During the 19th and 20th centuries the negotiations in land sales and development followed the movement of expansion, stabilization and reduction in the coffee growing industry of the state of Sao Paulo. Analyzing the sale deeds of rural real estate and properties in Ribeirao Preto we obtain an overview of this process. Even before the large plantations, the land market had expanded, increasing property and land values. Large groups of farmers, agricultural workers, slaves, colonists and migrants came to the region looking for the wealth of the coffee boom. The investments increased the number of transactions and their values, as well as the price of lands suitable for plantation.