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Endowments,Fiscal Federalism,and the Cost of Capital for States:Evidence from Brazil,1891-1930
Trade Cost of Capital Revenue Sovereign Finance Goods and Commodities
2015/4/22
There is a large amount of literature that aims to explain what determines country risk (defined as the difference between the yield of a sovereign's bonds and the risk free rate). In this paper, we c...
Laws vs. Contracts:Legal Origins,Shareholder Protections,and Ownership Concentration in Brazil,1890–1950
Voting Entrepreneurship Investment Governance Controls Contracts Laws and Statutes Ownership Stake Brazil
2015/4/22
The early development of large multidivisional corporations in Latin America required much more than capable managers, new technologies, and large markets. Behind such corporations was a market for ca...