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The Financialization of the Brazilian TerritoryFinancialization of the Brazilian Territory

The Financialization of the Brazilian Territory: Financialization of the Brazilian Territory [This chapter shows how the Brazilian financial and banking system has developed from a geographical perspective. The origin of the national banking and monetary system is discussed at a time when financial institutions were completely local or regional. Since World War II, but especially from the Reform of the National Financial System of 1964/65, a process of intensification of the financial division of labor began, and non-monetary institutions directly linked to the financialization of the territory (mainly investment banks and stock exchanges) arise and develop. The more regionalized character of the financial system is replaced by a national bank-based oligopolized structure, with its core area in the city of São Paulo. It is also analyzed the substitution of face-to-face/presential banking service channels to informational/remote ones.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Financialization of the Brazilian TerritoryFinancialization of the Brazilian Territory

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Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2020
ISBN
978-3-030-40292-1
Pages
57 –104
DOI
10.1007/978-3-030-40293-8_2
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter shows how the Brazilian financial and banking system has developed from a geographical perspective. The origin of the national banking and monetary system is discussed at a time when financial institutions were completely local or regional. Since World War II, but especially from the Reform of the National Financial System of 1964/65, a process of intensification of the financial division of labor began, and non-monetary institutions directly linked to the financialization of the territory (mainly investment banks and stock exchanges) arise and develop. The more regionalized character of the financial system is replaced by a national bank-based oligopolized structure, with its core area in the city of São Paulo. It is also analyzed the substitution of face-to-face/presential banking service channels to informational/remote ones.]

Published: Feb 21, 2020

Keywords: Financialization; Financial and banking system; Regional banks; Bank topology; São Paulo; Market capital

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