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Bankruptcy Law, Credit and Interest Rates in Brazil

Author

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  • Antonio Gledson de Carvalho

Abstract

Bankruptcy law is an important economic institution because of its effects on credit and, consequently, on financial and economic development. This fact has led several countries to revise their law. This article presents an overview on the topic focusing in Brazil. Its main points are: credit in Brazil is not compatible with the country level of development; there is evidence that Brazil is among the countries where legal protection to creditors is worst; the international experience shows that changes in the bankruptcy law affects the market for credit; and the Brazilian law is extremely outdated. JEL Classification: E51; G33; K42.

Suggested Citation

  • Antonio Gledson de Carvalho, 2005. "Bankruptcy Law, Credit and Interest Rates in Brazil," Brazilian Journal of Political Economy, Center of Political Economy, vol. 25(1), pages 131-153.
    • Handle: RePEc:ekm:repojs:v:25:y:2005:i:1:p:131-153:id:626
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/626/2036
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    More about this item

    Keywords

    Bankruptcy law; credit; interest rates;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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