Risco sistêmico e a histeria gerada no mercado financeiro global

Thalles Alexandre Takada; Tânia Lobo Muniz

doi:10.5433/1980-511X.2015v10n3p75

Systemic risk and the hysteria generated in the global market

Authors

Thalles Alexandre Takada Universidade Estadual de Londrina
Tânia Lobo Muniz Universidade Estadual de Londrina

DOI:

https://doi.org/10.5433/1980-511X.2015v10n3p75

Keywords:

Systemic Risk, Financial Hysteria, 1929 Crisis, Financial Market, Law and Economics.

Abstract

The negotiating arrangements ordered by an economic order focused to supply the financial market creates an inherent weakness to the system itself. This weakness reflects the decision taking of individuals through the socioeconomic events arising in this market. Simple news reports may trigger a systemic crisis. The present article investigates this proposition, in other words, which economic and legal factors can cause and control the drastic effects on the economy, like the bank run the most visible of these phenomena. Using economic theories related to legal doctrine, it shows up in an interdisciplinary way that society is not a square matrix of linear factors, but a complex system of negotiation exchange governed by the human (ir)rationality.

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Author Biographies

Thalles Alexandre Takada, Universidade Estadual de Londrina

Master of Negotiation Law State University of Londrina - UEL, specialist in international law and economic - UEL, graduated in Economic Sciences - UEL in law - Pythagoras, Lawyer, Coordinator of Digital Law Commission of OAB - Subsection Londrina.

Tânia Lobo Muniz, Universidade Estadual de Londrina

Degree in Law from the State University of Londrina (1988), a Masters in Law from the Catholic University of São Paulo (1997) and a PhD in Law from the Catholic University of São Paulo (2004). He is currently associate professor at the State University of Londrina.

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Published

2015-12-18

How to Cite

Takada, T. A., & Muniz, T. L. (2015). Systemic risk and the hysteria generated in the global market. Revista Do Direito Público, 10(3), 75–90. https://doi.org/10.5433/1980-511X.2015v10n3p75

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Issue

Vol. 10 No. 3 (2015)

Section

Artigos

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