The delayed development of early brazilian financial historiography, 1889–1930

Gail D. Triner

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 1999, vol. 17, issue S1, 53-75

Abstract: This article offers an overview of the evolution of economic historiography of the First Republic in order to consider why it has taken so long for domestic financial history to gain importance on the research agendas of Brazilian economic historians. It contends that the focus of dependency theory on international markets resulted in neglecting the structure of domestic finance. Recently, scholars have turned their attention to approaches that emphasize a balance between domestic and international economic factors, including looking at the distribution networks and institutional frameworks of domestic finance. Evidence from this perspective suggests that within private sectors, financial stability emerged during the First Republic and finance made positive contributions to growth, despite the vicissitudes of public finance. This tentative finding offers a very different perspective on the nature of Brazilian economic development and raises challenging new questions.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:17:y:1999:i:s1:p:53-75_00

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