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.

JEL Classification: Q15; G12.