NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

João Manoel de Mello

PUC-Rio

E-Mail: joaompm@insper.edu.br

NBER Working Papers and Publications

July 2010Assessing São Paulo's Large Drop in Homicides: The Role of Demography and Policy Interventions
with Alexandre Schneider
in The Economics of Crime: Lessons for and from Latin America, Rafael Di Tella, Sebastian Edwards, and Ernesto Schargrodsky, editors
May 2006Judicial Risk and Credit Market Performance: Micro Evidence from Brazilian Payroll Loans
with Ana Carla A. Costa: w12252
A large body of literature has stressed the institution-development nexus as critical in explaining differences in countries%u2019 economic performance. The empirical evidence, however, has been mainly at the aggregate level, associating macro performance with measures of quality of institutions. This paper, by relating a judicial decision on the legality of payroll loans in Brazil to bank-level decision variables, provides micro evidence on how creditor legal protection affects market performance. Payroll loans are personal loans with principal and interests payments directly deducted from the borrowers%u2019 payroll check, which, in practice, makes a collateral out of future income. In June 2004, a high-level federal court upheld a regional court ruling that had declared payroll deductio...

Published: Judicial Risk and Credit Market Performance: Micro Evidence from Brazilian Payroll Loans, Ana Carla A. Costa, João M. P. De Mello. in Financial Markets Volatility and Performance in Emerging Markets, Edwards and Garcia. 2008

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us