Land price, interest rate and financial accumulation in Brazil

ABSTRACT

The relationship between the land price and the financial system in Brazil has been analysed under different points of view, but little or none significance is given to the interest rate as a factor that underlies the land market with the financial accumulation. The main purpose of this work is to analyse, in a historical perspective, how the land price expresses different stages of development of the financial activities and how the interest rate makes a bridge between land and capital markets.

KEYWORDS:
Land price; economic history of Brazil; land financing