Credit, interest, and jurisdictional uncertainty: conjectures on the case of Brazil by Persio Arida, Edmar Lisboa Bacha, and André Lara-Resende published by Casa das Garças (5/2014). “Jurisdictional uncertainty is introduced as an explanation for the inexistence of a local long-term domestic credit market. Policy makers have perceived this inexistence as a market failure requiring State intervention…”
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