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    • The Brazilian bankruptcy law experience 

      Araújo, Aloísio Pessoa de; Ferreira, Rafael V. X.; Funchal, Bruno
      2012-09
      In early 2005, the Brazilian Congress approved a new bankruptcy law. The new legislation increased creditor protection and improved the efficiency of the bankruptcy system. This paper evaluates the empirical consequences ...
    • How much should debtors be punished in case of default? 

      Araújo, Aloísio Pessoa de; Funchal, Bruno
      2015-04
      This study investigates the relationship between debtor punishment and the development of the credit market. We empirically analyze how the level of debtor punishment relates to the credit market expansion. We find evidence ...