Araujo, Aloisio; Funchal, Bruno - Fundação Instituto Capixaba de Pesquisas em … - 2008
This study investigates the relationship between debtors? punishment and the credit market development. As the main … goal we analyze empirically which is the optimal level of the debtors? punishment, providing the highest credit market … intermediate level of debtors? punishment that maximizes the size of the private credit market. …