JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL

Detalhes bibliográficos
Autor(a) principal: Yeung, Luciana Luk-Tai
Data de Publicação: 2014
Outros Autores: Silva, Ana Lúcia Pinto da, Carvalho, Carlos Eduardo
Tipo de documento: Artigo
Idioma: por
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33989
Resumo: This paper argues that jurisdictional insecurity also harms debtors. Economic debate in Brazil practically ignores the problem of unfaithful and opportunistic creditor behaviors. Economic theory of contract assures that creditors have more information about the market, and they are, therefore, in an advantageous position and law should act in order to correct this unbalance. The analysis of 1,687 judicial decisions by the Superior Tribunal de Justiça (Supreme Court of Justice), during years 1998 to 2008, does not reveal anti-creditor bias at this level of the Judiciary. The paper proposes the inclusion of debtor’s jurisdictional uncertainty in credit restriction model.
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spelling JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZILINSEGURANÇA JURÍDICA DO DEVEDOR: PELA AMPLIAÇÃO DO DEBATE SOBRE SELEÇÃO ADVERSA E CUSTO DO CRÉDITO NO BRASILInsegurança jurídicaCusto do créditoSeleção adversaE50G14K40Jurisdictional uncertaintyCost of creditAdverse selectionE50G14K40This paper argues that jurisdictional insecurity also harms debtors. Economic debate in Brazil practically ignores the problem of unfaithful and opportunistic creditor behaviors. Economic theory of contract assures that creditors have more information about the market, and they are, therefore, in an advantageous position and law should act in order to correct this unbalance. The analysis of 1,687 judicial decisions by the Superior Tribunal de Justiça (Supreme Court of Justice), during years 1998 to 2008, does not reveal anti-creditor bias at this level of the Judiciary. The paper proposes the inclusion of debtor’s jurisdictional uncertainty in credit restriction model.O artigo defende que a insegurança jurídica no crédito afeta também o devedor. O debate econômico brasileiro praticamente ignora problemas dos tomadores de crédito diante de procedimentos desleais e oportunistas dos credores. Para a teoria econômica dos contratos, o credor é a parte favorecida pela assimetria de informações sobre o mercado e sobre o contrato, e o agente da lei deve atuar de forma a corrigir esse desequilíbrio. A análise de 1.687 decisões do Superior Tribunal de Justiça, de 1998 a 2008, não revela viés anticredor nesse nível do Judiciário. O trabalho propõe a inclusão da insegurança jurídica do devedor no modelo de racionamento de crédito.UFRGS2014-03-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/3398910.22456/2176-5456.33989Análise Econômica; Vol. 32 No. 61 (2014): março de 2014Análise Econômica; v. 32 n. 61 (2014): março de 20142176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33989/28698Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessYeung, Luciana Luk-TaiSilva, Ana Lúcia Pinto daCarvalho, Carlos Eduardo2014-04-30T20:22:31Zoai:seer.ufrgs.br:article/33989Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2014-04-30T20:22:31Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
INSEGURANÇA JURÍDICA DO DEVEDOR: PELA AMPLIAÇÃO DO DEBATE SOBRE SELEÇÃO ADVERSA E CUSTO DO CRÉDITO NO BRASIL
title JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
spellingShingle JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
Yeung, Luciana Luk-Tai
Insegurança jurídica
Custo do crédito
Seleção adversa
E50
G14
K40
Jurisdictional uncertainty
Cost of credit
Adverse selection
E50
G14
K40
title_short JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
title_full JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
title_fullStr JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
title_full_unstemmed JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
title_sort JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
author Yeung, Luciana Luk-Tai
author_facet Yeung, Luciana Luk-Tai
Silva, Ana Lúcia Pinto da
Carvalho, Carlos Eduardo
author_role author
author2 Silva, Ana Lúcia Pinto da
Carvalho, Carlos Eduardo
author2_role author
author
dc.contributor.author.fl_str_mv Yeung, Luciana Luk-Tai
Silva, Ana Lúcia Pinto da
Carvalho, Carlos Eduardo
dc.subject.por.fl_str_mv Insegurança jurídica
Custo do crédito
Seleção adversa
E50
G14
K40
Jurisdictional uncertainty
Cost of credit
Adverse selection
E50
G14
K40
topic Insegurança jurídica
Custo do crédito
Seleção adversa
E50
G14
K40
Jurisdictional uncertainty
Cost of credit
Adverse selection
E50
G14
K40
description This paper argues that jurisdictional insecurity also harms debtors. Economic debate in Brazil practically ignores the problem of unfaithful and opportunistic creditor behaviors. Economic theory of contract assures that creditors have more information about the market, and they are, therefore, in an advantageous position and law should act in order to correct this unbalance. The analysis of 1,687 judicial decisions by the Superior Tribunal de Justiça (Supreme Court of Justice), during years 1998 to 2008, does not reveal anti-creditor bias at this level of the Judiciary. The paper proposes the inclusion of debtor’s jurisdictional uncertainty in credit restriction model.
publishDate 2014
dc.date.none.fl_str_mv 2014-03-28
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33989
10.22456/2176-5456.33989
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33989
identifier_str_mv 10.22456/2176-5456.33989
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/33989/28698
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 32 No. 61 (2014): março de 2014
Análise Econômica; v. 32 n. 61 (2014): março de 2014
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
_version_ 1799766267400290305

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