Brazil: Out of Chaos, Order

Ever since the 19th century days of Emperor Dom Pedro II, the Brazilian stock market has been a scene of chaos. The coun try's major stock exchange in Rio de Janeiro has been presided over by a closed group of 40 brokers who passed their seats on the bolsa down through their families, collected such lucrative commis sions on currency-exchange transactions that they have had little incentive to push stock purchases. Long confined to only two hours a day, the trading sessions usually took place amid such bedlam that little serious business...

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