Santarosa, Veronica A.

Assistant Professor of Law

3214 South Hall
734.764.7335
E-mail aokisan@umich.edu

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...

Co-author. "Debt Contract Enforcement." B. Chabot, co-author. Cap. Mkt. L. J. (Forthcoming, 2017).

Pre-Banking Financial Intermediation: Evidence from a Brokerage Law Reform in 18th Century Marseille. Working Paper.

Unemployment Risk and Precautionary Savings: Evidence from the 1880s New Jersey Worker Surveys. Working Paper.

The Quality of Contracting Institutions and the Choice of Ownership vs. Contract. Working Paper.

"Financing Long-Distance Trade Without Banks: The Joint Liability Rule and Bills of Exchange in 18th-century France." J. Econ. Hist. 75, no. 3 (2015): 690-719.
Full Text: Cambridge Journals (UMich users) | Cambridge Journals

"Radio and the Rise of Nazis in Prewar Germany." M. Adena et al., co-authors. Q. J. Econ. 130, no. 4 (2015): 1885-939.
Full Text: SSRN | Oxford Journals (UMich users) | Oxford Journals

"The Legal Construction of Early Financial Markets: Lessons from the History of an Eighteenth-Century Legal Innovation." In Recht und Sozialtheorie im Rechtsvergleich: Interdisziplinäres Denken in Rechtswissenschaft und -praxis / Law in the Context of Disciplines: Interdisciplinary Approaches in Legal Academia and Practice, edited by S. Grundmann and J. Thiessen. Tübingen, Germany: Mohr Siebeck, 2015.

Co-author. "Politics, Instability, and International Investment Flows." A. Durnev, R. Enikolopov, and M. Petrova, co-authors. J. Corp. Fin. 30 (2015): 299-324.
Full Text: SSRN

Recently Taught Courses

Curriculum Interest Areas

Activities

Presented "Pre-Banking Financial Intermediation: Evidence from a Brokerage Law Reform in Eighteenth-Century Marseille," Université de Genève, Institut d'histoire économique Paul Bairoch, May 2013.

Presented "Financing Long-Distance Trade Without Banks: The Joint Liability Rule and Bills of Exchange in 18th-Century France," Northwestern Law School, Law and Economics Workshop, April 2013.

Taught The Law and History of Economic Institutions of Capitalism at a two-day compact seminar, USP-Universidade de Sao Paulo, Economics Department, March 2013.

Presented "Financing Long-Distance Trade without Banks: The Joint Liability Rule and Bills of Exchange in 18th-Century France," University of Toronto Law School, Law and Economics Workshop, March 2013.

Presented "Pre-Banking Financial Intermediation: Evidence from a Brokerage Law Reform in Eighteenth-Century Marseille," Caltech, Early Modern Group in Social Science History, February 2013.

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