Abstract
Brazil has actively pursued and achieved significant financial development since 1964. Tables I.1–I.3 confirm this proposition in a general way, showing that the ratio of financial institution assets to GNP rose from 0.53 in 1956 to 1.11 in 1976. Further, total non-monetary assets as a proportion of GDP increased from 0.2% in 1961 to 25% in 1984. Not only has the quantity of financial assets grown but so has the quality, as should become evident in this study.
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Notes
See Carlos A. P. Braga (1985): A Economia Brasileira na Segunda Metade dos Anos 80, Working Paper No. 18, University of São Paulo,among others.
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© 1993 John H. Welch
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Welch, J.H. (1993). Introduction. In: Capital Markets in the Development Process. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11211-1_1
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DOI: https://doi.org/10.1007/978-1-349-11211-1_1
Publisher Name: Palgrave Macmillan, London
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Online ISBN: 978-1-349-11211-1
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