Titlebook: Capital Markets in the Development Process; The Case of Brazil John H. Welch Book 1993 John H. Welch 1993 capital market.development.Econom

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Commercial Banks, Investment Banks, Conglomeration, and the Financial Structure of Firms,nts in different degrees over the last twenty years: (1) the institution of formal financial indexation to the inflation rate and the subsequent strengthening of the secondary market for ‘pre-fixed indexed’ assets — LTNs, certificates of deposits, bills of exchange, etc. — and ‘post-fixed indexed’ a

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Fixpunkte kompakter Operatoren,f financial markets which resulted from the reforms, and the structure of the decision process of financial policy. The remaining chapters of the study investigate the longer-term ramifications of the reforms. Chapter 4 shows that the objectives of creating vigorous markets for equities took much lo

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,Development with Inflationary Finance: 1945–63,appearance of the bills of exchange (letras de cambio) market. Vertical integration was promoted by the generous application of the law of similars, the encouragement of multinational corporations to operate in Brazil, and direct government production in heavy industries such as steel, petroleum, tr

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,Kirzner’s Theory Of Entrepreneurship-A Critique,From his early work on the historical evolution of the “economic point of view” (1960), through his detailed analyses of the importance of the entrepreneur in the competitive process (1973, 1979), to his recent concern with the implications of entrepreneurship for distributive justice, Kirzner has c

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