JURISDICTIONAL INSECURITY FROM THE DEBTOR’S PERSPECTIVE: A BROADER DEBATE ON THE EFFECTS OF ADVERSE SELECTION AND COSTS OF CREDIT IN BRAZIL
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | , |
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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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 |