Why is the banking system so developed in Brazil?
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Brazil lacks the infrastructure, health and education systems of a rich country, but has a significantly developed banking sector. Why would that be?
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Answer:
Brazil's banking system is so advanced today, particularly in the area of online banking, due to challenges of the past -- especially emanating from the period of hyperinflation. Banco do Brasil headquarters in Brasilia [Wikimedia Commons, http://commons.wikimedia.org/wiki/User:Alexanderps] Read more here: NY Times: http://www.nytimes.com/2001/03/25/business/business-advanced-online-banking-born-of-necessity.html http://www.v-brazil.com/business/banks.html
Mark Horn at Quora Visit the source
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