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The new territorial configuration of finances in Brazil

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Author(s):
Clarisse Coutinho Ribeiro
Total Authors: 1
Document type: Master's Dissertation
Press: São Paulo.
Institution: Universidade de São Paulo (USP). Faculdade de Filosofia, Letras e Ciências Humanas (FFLCH/SBD)
Defense date:
Examining board members:
Wanderley Messias da Costa; Maria Mónica Arroyo; Everaldo Santos Melazzo
Advisor: Wanderley Messias da Costa
Abstract

This research addresses the relationship between territory and finances. The objective is to analyze the new territorial configuration of finance in Brazil between 1996 and 2006, in particular, how it occurred, what were its main factors of formation and what were its consequences. The methodology, on the theoretical side, is based on the approach of David Harvey on the temporal and spatial adjustments, and space-time configuration, as well as post-Keynesian theory on regional finances. On the empirical side, it uses statistical analysis of the Herfindahl-Hirschman concentration Index (HHI) and aggregate growth rates, as well as the analysis of digital thematic cartography. The research showed that the new territorial organization of finance was largely due to strong growth and territorial expansion of the activities of financial intermediation. Therefore, its principle factors of formation were: the financial opening of the 1990s, the restructuring of the national banking system, monetary stability, increase of low-volume regional financial demand and the advancement of technical, scientific and informational means. The main consequences were: a change in the structure of the composition of the National Financial System, which now has the role of financial intermediation as the main financial activity of the country. Despite the lower concentration of finance, this development did not lead to a decentralization of finance, nor did it imply a reduction of the economic concentration in Brazil. (AU)