FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL
Autor(a) principal: | |
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Data de Publicação: | 2024 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Geographia (Niterói. Online) |
Texto Completo: | https://periodicos.uff.br/geographia/article/view/59117 |
Resumo: | This article analyzes the topology of investment banks in the Brazilian territory based on the relationship between the dimension of totality – represented by financialization – and the particularity, expressed by the Brazilian socio-spatial formation. While financialization amplifies globally-reaching processes such as neoregulation, liberalization, and the development of information techniques (processes that increase the prominence of investment banks in the current historical period), socio-spatial formation is the instance where such processes effectively materialize, according to the modulations imposed by the specificities of the material/technical base and normative contents of each national territory. In order to interpret these vectors of financialization in the Brazilian territory, we have developed a periodization based on key variables linked to the action of investment banks over more than fifty years in Brazil. It was possible to identify that the period from 1966 to 1988 is characterized by a more “regionalized” action of a greater number of investment banks in the territory, while the period from 1988 to 2020 marks the highest incidence of liberalization and neoregulation processes that shape a verticalized action of the sector, based on concentration of institutions in the informational metropolis of São Paulo. The analysis proposed here results from the effort to articulate a literature review and secondary data obtained from documentary sources (especially the Central Bank of Brazil and Revista Bancária Brasileira). |
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FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZILFINANCIARIZACIÓN Y FORMACIÓN SOCIOESPACIAL: LA TOPOLOGÍA DE LOS BANCOS DE INVERSIÓN EN BRASIL FINANCEIRIZAÇÃO E FORMAÇÃO SOCIOESPACIAL: A TOPOLOGIA DOS BANCOS DE INVESTIMENTO NO BRASILfinanceirizaçãoformação socioespacialtopologia bancáriabancos de investimentofinancializationsocio-spatial formationinvestiment banksfinanciarizaciónformación socioespacialbancos de inversionesThis article analyzes the topology of investment banks in the Brazilian territory based on the relationship between the dimension of totality – represented by financialization – and the particularity, expressed by the Brazilian socio-spatial formation. While financialization amplifies globally-reaching processes such as neoregulation, liberalization, and the development of information techniques (processes that increase the prominence of investment banks in the current historical period), socio-spatial formation is the instance where such processes effectively materialize, according to the modulations imposed by the specificities of the material/technical base and normative contents of each national territory. In order to interpret these vectors of financialization in the Brazilian territory, we have developed a periodization based on key variables linked to the action of investment banks over more than fifty years in Brazil. It was possible to identify that the period from 1966 to 1988 is characterized by a more “regionalized” action of a greater number of investment banks in the territory, while the period from 1988 to 2020 marks the highest incidence of liberalization and neoregulation processes that shape a verticalized action of the sector, based on concentration of institutions in the informational metropolis of São Paulo. The analysis proposed here results from the effort to articulate a literature review and secondary data obtained from documentary sources (especially the Central Bank of Brazil and Revista Bancária Brasileira). Este artículo analiza la topología de los bancos de inversión en el territorio brasileño a partir de la relación entre la dimensión de la totalidad – representada por la financiarización – y la particularidad, expresada por la formación socioespacial brasileña. Si, por un lado, la financiarización amplifica procesos de alcance global como la neorregulación, la liberalización y el desarrollo de las técnicas de la información (procesos que aumentan el protagonismo de los bancos de inversión en el período histórico actual), por otro lado, la formación socioespacial es la instancia en la que dichos procesos se concretan efectivamente, según las modulaciones impuestas por las especificidades de la base material/técnica y los contenidos normativos de cada territorio nacional. Como forma de interpretar estos vectores de la financiarización en el territorio brasileño, hemos elaborado una periodización basada en variables clave relacionadas con la acción de los bancos de inversión a lo largo de más de cincuenta años en Brasil. Fue posible identificar que el período de 1966 a 1988 se caracteriza por una actuación más “regionalizada” de una mayor cantidad de bancos de inversión en el territorio, mientras que el período de 1988 a 2020 marca la mayor incidencia de los procesos de liberalización y neorregularión que conforman una acción verticalizada del sector, a partir de la concentración de instituciones en la metrópoli informacional de São Paulo. El análisis resulta del esfuerzo de articulación entre la revisión bibliográfica sobre la problemática planteada y los datos secundarios obtenidos en fuentes documentales pertinentes (principalmente el Banco Central de Brasil y la Revista Bancaria Brasileña).Este artigo analisa a topologia dos bancos de investimento no território brasileiro a partir da relação entre a dimensão da totalidade – representada pela financeirização – e a particularidade, expressa pela formação socioespacial brasileira. Se, por um lado, a financeirização amplifica processos de alcance global como a neoregulação, a liberalização e o desenvolvimento das técnicas da informação (processos que aumentam o protagonismo dos bancos de investimento no atual período histórico), por outro lado a formação socioespacial é a instância em que tais processos se concretizam efetivamente, conforme as modulações impostas pelas especificidades da base material/técnica e dos conteúdos normativos de cada território nacional. Como forma de interpretar estes vetores da financeirização no território brasileiro, elaboramos uma periodização com base em variáveis-chave ligadas à ação dos bancos de investimento ao longo de mais de cinquenta anos no Brasil. Foi possível identificar que o período de 1966 a 1988 é caracterizado por uma atuação mais “regionalizada” de uma maior quantidade de bancos de investimento no território, enquanto que o período de 1988 a 2020 marca a maior incidência dos processos de liberalização e neoregulação que conformam uma ação verticalizada do setor, a partir da concentração de instituições na metrópole informacional de São Paulo. A análise aqui proposta resulta do esforço de articulação entre revisão bibliográfica sobre a problemática levantada e dados secundários obtidos em fontes documentais concernentes (sobretudo Banco Central do Brasil e Revista Bancária Brasileira).UFF2024-01-23info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtigo avaliado pelos Paresapplication/pdfhttps://periodicos.uff.br/geographia/article/view/5911710.22409/GEOgraphia2024.v26i56.a59117GEOgraphia; Vol. 26 No. 56 (2024): jan./jun.GEOgraphia; Vol. 26 Núm. 56 (2024): jan./jun.GEOgraphia; v. 26 n. 56 (2024): jan./jun.2674-81261517-779310.22409/GEOgraphia2024.v26i56reponame:Revista Geographia (Niterói. Online)instname:Universidade Federal Fluminense (UFF)instacron:UFFporhttps://periodicos.uff.br/geographia/article/view/59117/36049https://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessAlves, Caio Zarino JorgeBetioli Contel, Fabio2024-01-23T13:43:57Zoai:ojs.pkp.sfu.ca:article/59117Revistahttps://periodicos.uff.br/geographia/indexPUBhttps://periodicos.uff.br/geographia/oaiperiodicos@proppi.uff.br ; revistageographia@gmail.com2674-81261517-7793opendoar:2024-01-23T13:43:57Revista Geographia (Niterói. Online) - Universidade Federal Fluminense (UFF)false |
dc.title.none.fl_str_mv |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL FINANCIARIZACIÓN Y FORMACIÓN SOCIOESPACIAL: LA TOPOLOGÍA DE LOS BANCOS DE INVERSIÓN EN BRASIL FINANCEIRIZAÇÃO E FORMAÇÃO SOCIOESPACIAL: A TOPOLOGIA DOS BANCOS DE INVESTIMENTO NO BRASIL |
title |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL |
spellingShingle |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL Alves, Caio Zarino Jorge financeirização formação socioespacial topologia bancária bancos de investimento financialization socio-spatial formation investiment banks financiarización formación socioespacial bancos de inversiones |
title_short |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL |
title_full |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL |
title_fullStr |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL |
title_full_unstemmed |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL |
title_sort |
FINANCIALIZATION AND SOCIO-SPATIAL FORMATION: THE TOPOLOGY OF INVESTMENT BANKS IN BRAZIL |
author |
Alves, Caio Zarino Jorge |
author_facet |
Alves, Caio Zarino Jorge Betioli Contel, Fabio |
author_role |
author |
author2 |
Betioli Contel, Fabio |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Alves, Caio Zarino Jorge Betioli Contel, Fabio |
dc.subject.por.fl_str_mv |
financeirização formação socioespacial topologia bancária bancos de investimento financialization socio-spatial formation investiment banks financiarización formación socioespacial bancos de inversiones |
topic |
financeirização formação socioespacial topologia bancária bancos de investimento financialization socio-spatial formation investiment banks financiarización formación socioespacial bancos de inversiones |
description |
This article analyzes the topology of investment banks in the Brazilian territory based on the relationship between the dimension of totality – represented by financialization – and the particularity, expressed by the Brazilian socio-spatial formation. While financialization amplifies globally-reaching processes such as neoregulation, liberalization, and the development of information techniques (processes that increase the prominence of investment banks in the current historical period), socio-spatial formation is the instance where such processes effectively materialize, according to the modulations imposed by the specificities of the material/technical base and normative contents of each national territory. In order to interpret these vectors of financialization in the Brazilian territory, we have developed a periodization based on key variables linked to the action of investment banks over more than fifty years in Brazil. It was possible to identify that the period from 1966 to 1988 is characterized by a more “regionalized” action of a greater number of investment banks in the territory, while the period from 1988 to 2020 marks the highest incidence of liberalization and neoregulation processes that shape a verticalized action of the sector, based on concentration of institutions in the informational metropolis of São Paulo. The analysis proposed here results from the effort to articulate a literature review and secondary data obtained from documentary sources (especially the Central Bank of Brazil and Revista Bancária Brasileira). |
publishDate |
2024 |
dc.date.none.fl_str_mv |
2024-01-23 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artigo avaliado pelos Pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://periodicos.uff.br/geographia/article/view/59117 10.22409/GEOgraphia2024.v26i56.a59117 |
url |
https://periodicos.uff.br/geographia/article/view/59117 |
identifier_str_mv |
10.22409/GEOgraphia2024.v26i56.a59117 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://periodicos.uff.br/geographia/article/view/59117/36049 |
dc.rights.driver.fl_str_mv |
https://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
UFF |
publisher.none.fl_str_mv |
UFF |
dc.source.none.fl_str_mv |
GEOgraphia; Vol. 26 No. 56 (2024): jan./jun. GEOgraphia; Vol. 26 Núm. 56 (2024): jan./jun. GEOgraphia; v. 26 n. 56 (2024): jan./jun. 2674-8126 1517-7793 10.22409/GEOgraphia2024.v26i56 reponame:Revista Geographia (Niterói. Online) instname:Universidade Federal Fluminense (UFF) instacron:UFF |
instname_str |
Universidade Federal Fluminense (UFF) |
instacron_str |
UFF |
institution |
UFF |
reponame_str |
Revista Geographia (Niterói. Online) |
collection |
Revista Geographia (Niterói. Online) |
repository.name.fl_str_mv |
Revista Geographia (Niterói. Online) - Universidade Federal Fluminense (UFF) |
repository.mail.fl_str_mv |
periodicos@proppi.uff.br ; revistageographia@gmail.com |
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1797051585440776192 |