CRÉDITO HIPOTECÁRIO EM SÃO PAULO: EVIDÊNCIAS PARA UM NÚCLEO URBANO EM EXPANSÃO (1865-1890)

This paper showed that the credit market grew not only in amount of money following the population growth of the city, as also supplanting. The financing conditions had also tended to improve in the studied period, with the reduction of the taxes of interests and allonge of the stated period, even so we verify this last one only for the borrowers of bigger fund. The increase of the participation of the banks concomitantly the entrance of small borrowers tended to get worse the concentration indices. Another elucidated important aspect was the form found for the agents to surpass problems of information asymmetry. The personal kinship had made possible in the credit supply, not burdening the functioning of the market. The arbitration possibility also contributed so that these personal characteristics if did not reflect in extraordinary increases of the tax of interests.