Legislative Inflation and Private Credit

Nicolae Stef, Jean-Loup Soula and Alexandre Pourchet

Revue d'économie politique, 2022, vol. 132, issue 6, 985-1012

Abstract: This study investigates how legislative inflation relates to private credit at the national level. Using a panel data set of 33 countries covering 2004?2016, we confirm that government effectiveness moderates the relationship between enacting new central laws and domestic credit. In environments with more effective governments, legislative creation can lead to lending expansion. Consequently, banking systems seem to perceive severe changes to the national legislation as ongoing improvements to replace inefficient or obsolete laws. JEL Classification : G21, G28, K10

Keywords: Private credit; Banks; Legislative inflation; New laws; Institutions (search for similar items in EconPapers)
JEL-codes: G21 G28 K10 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_326_0985 (application/pdf)
http://www.cairn.info/revue-d-economie-politique-2022-6-page-985.htm (text/html)
free

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:cai:repdal:redp_326_0985

Access Statistics for this article

More articles in Revue d'économie politique from Dalloz
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().