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Brazil

Overview page. Subjects: History.

The largest country in South America. Brazil borders ten countries, has a coastline 7400 km (4600 miles) long, and straddles the equator from latitude 4° N to past latitude 33° S.

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Repossession and the Democratization of Credit

Juliano J. Assunção, Efraim Benmelech and Fernando S. S. Silva.

in The Review of Financial Studies

September 2014; p ublished online December 2013 .

Journal Article. Subjects: Corporate Governance; Bankruptcy; Contract Law; Law and Economics. 13188 words.

We exploit a 2004 credit reform in Brazil that simplified the sale of repossessed cars used as collateral for auto loans. We show that the reform expanded credit to riskier, self-employed...

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