COURTS, CREDIT AND DEBT COLLECTION IN POST-COMMUNIST SLOVAKIA. NOTES ABOUT SOME UNDERSTUDIED INGREDIENTS OF A SUCCESSFUL TRANSITION

Bruno Schönfelder

Economic Annals, 2005, vol. 50, issue 167, 7 - 53

Abstract: In economic terms Slovakia has been one of the most successful transition countries, but its advance towards the rule of law has been uneven and beset with numerous difficulties. While in the 1990s the judiciary increased its reputation considerably by standing up in the defence of democracy, it lost face only shortly later because of its apparent inability to prevent court corruption from spreading. Only quite recently government managed to take effective measures against it. Nevertheless debt collection has become much less of a problem than it used to be in the 1990s and liquidity constraints have been greatly relieved. This change seems only to a minor part due to increasing judicial efficiency, which has made slow pro-gress only. Thus, Slovak experience has reconfirmed the conjecture that erecting the rule of law takes much more time than transforming the economic system.

Keywords: Not; available (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ekof.bg.ac.rs/wp-content/uploads/2015/12/167-1.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:beo:journl:v:50:y:2005:i:167:p:7-53

Ordering information: This journal article can be ordered from
http://ea.ekof.bg.ac.rs/

Access Statistics for this article

Economic Annals is currently edited by Will Bartlett

More articles in Economic Annals from Faculty of Economics and Business, University of Belgrade Contact information at EDIRC.
Bibliographic data for series maintained by Goran Petrić ().