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Santarosa, Veronica A.

Professor of Law

3214 Jeffries Hall

Veronica Santarosa teaches first-year contract law, economic analysis of law, and a seminar on the law and history of economic institutions. Her research interests include law and economics, financial economic history, and law and development. Her current projects examine, both empirically and theoretically, how legal innovations and political institutions affect firms and financial markets now and throughout history. Professor Santarosa holds a BA in economics from Ibmec Business School in Brazil, an LLB from the University of Sao Paulo, a master's degree from the University of Hamburg, an LLM from Yale Law School, and a PhD in economics from Yale University. Prior to joining the Michigan Law faculty, she consulted for the Brazilian Administrative Council for Economic Protection, the Anheuser-Busch InBev M&A division, and for the World Bank-IFC.

See Professor Santarosa's homepage.

Recent Publications

More Publications...

Beyond the Personal-Anonymous Divide: Agency Relations in Powers of Attorney in France, 18-19th Centuries (with Fabien Eloire and Claire Lemercier), Economic History Review (2018). (Published online, print forthcoming).
Full Text: Wiley (UMich users) | Wiley

Don't Cry for Argentina (or other Sovereign Borrowers): Lessons from a Previous Era of Sovereign Debt Contract Enforcement (with Benjamin Chabot), Capital Markets Law Journal 12, no. 1 (2017): 9-37.

Radio and the Rise of Nazis in Prewar Germany (with Maja Adena, Ruben Enikolopov, Maria Petrova, and Ekaterina Zhuravskaya), Quarterly Journal of Economics 130, no. 4 (2015): 1885-1939.
Full Text: Oxford Journals (UMich users) | Oxford Journals | SSRN

The Legal Construction of Early Financial Markets: Lessons from the History of an Eighteenth-Century Legal Innovation, in Stefan Grundmann and Jan Thiessen, eds., Recht und Sozialtheorie, Law in the Context of Disciplines. Tübingen, Germany: Mohr Siebeck, (2015): 115-144.

Politics, Instability, and International Investment Flows (with Art Durnev, Ruben Enikolopov, and Maria Petrova), Journal of Corporate Finance 30, (2015): 299-324.
Full Text: SSRN

Financing Long-Distance Trade: The Joint Liability Rule and Bills of Exchange in Eighteenth-Century France, The Journal of Economic History 75, no. 3 (2015): 690-719.
Full Text: Cambridge Journals (UMich users) | Cambridge Journals


Invited presentation, "Pre-Banking Financial Intermediation," UCLA, November 2016.

Invited presentation, "Pre-Banking Financial Intermediation," Harvard Law School, November 2016.

Invited presentation, "Pre-Banking Financial Intermediation," George Mason Law School, September 2016.

Invited presentation, "Pre-Banking Financial Intermediation," Georgetown Law School, September 2016.

Invited presentation, "Pre-Banking Financial Intermediation," Harvard/Stanford/Yale Forum, June 2016.

Invited presentation, "Pre-Banking Financial Intermediation," Columbia Law School, October 2015.