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Books > History > History of specific subjects > Economic history
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A History of Public Banking in Portugal in the 19th and 20th Centuries (Paperback)
Loot Price: R1,160
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A History of Public Banking in Portugal in the 19th and 20th Centuries (Paperback)
Series: Financial History
Expected to ship within 12 - 17 working days
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This book examines the history of what became one of Portugal's
largest banks, the Caixa Geral de Depositos. The bank was founded
in 1876 by the state to run public deposits, and evolved into a
savings bank, catering for both public and private deposits. Its
history goes beyond the history of banking, as it ties in with the
role of the state in the banking sector and financial markets. The
book weaves in and out of different political and international
contexts, following the many changes of the Portuguese political
regime and of its interactions with the national and international
economy. The most important lesson from the study is that publicly
owned institutions can compete successfully with the private sector
when they simultaneously cater for the interests of policy makers
as well as those of the public, in this case, the depositors. The
history of the Caixa Geral de Depositos therefore shows how the
state of a peripheral economy is capable of successfully managing a
large financial institution when the right set of incentives is in
place. This work will be a valuable resource for researchers and
students of financial and economic history at both the advanced
undergraduate and postgraduate levels. It will also provide
interesting insights for practitioners in the financial sector.
General
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