SISTEMAS LEGAIS DE INSOLVÊNCIA, INCENTIVOS E MERCADO DE CRÉDITO: UMA ABORDAGEM INSTITUCIONAL

Abstract

This study develops an institutional discussion about insolvency resolution systems. The main motivation was the analysis of a specific aspect of the bank-borrower relationship and its impacts on price and volumes of loan concessions. At this point, incentives and e.ciency issues emerge and are analyzed having the Brazilian legal system of insolvency reform, now in course, as a background.