History of Public Banking in Portugal in the 19th and 20th Centuries

This book explores the history of the Caixa Geral de Depósitos, one of Portugal's largest banks, from its founding in 1876 to the present day. It examines the bank's role in the Portuguese political regime and its interactions with the national and international economy, highlighting the importance of publicly owned institutions in competing with the private sector.

\n Format: Hardback
\n Length: 232 pages
\n Publication date: 30 July 2021
\n Publisher: Taylor & Francis Ltd
\n

The book delves into the rich history of the Caixa Geral de Depósitos, which emerged as one of Portugal's largest banks. Established in 1876 by the state to manage public deposits, it gradually transformed into a savings bank, catering to both public and private deposits. However, its story extends beyond the realm of banking, as it intricately intertwines with the role of the state in the banking sector and financial markets.

The book skillfully weaves through various political and international contexts, tracing the evolution of the Portuguese political regime and its interactions with the national and international economy. It highlights the significant lesson learned from this study: publicly owned institutions can thrive in competition with the private sector when they prioritize the interests of policymakers and depositors alike.

The history of the Caixa Geral de Depósitos serves as a testament to the state's ability to effectively manage a large financial institution when the right incentives are in place. This work will be an invaluable resource for researchers and students of financial and economic history, offering comprehensive insights into the past and present of this important institution. It will also provide valuable perspectives for practitioners in the financial sector, aiding in their understanding of the historical context and dynamics of the banking industry.

\n Weight: 516g\n
Dimension: 160 x 241 x 21 (mm)\n
ISBN-13: 9781138388208\n \n