Creditor Rights and the Credit Market: Where Do We Stand?

Arturo Galindo

No 1348, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper reviews empirical evidence on the impact of creditor rights regulations on credit market breadth and the credit cycle. It confirms results that were questioned regarding the impact of creditor rights regulations on the size of credit markets, and shows that the degree to which creditors are protected has a significant impact on the potential size of credit crunches.Simulations suggest that the average credit to GDP ratio for Latin America could be doubled if creditor rights regulations were put in place and law enforcement increased to developing country levels.

Keywords: credit market; WP-448; credit control; debtor and creditor; finance companies (search for similar items in EconPapers)
Date: 2001-03
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Citations: View citations in EconPapers (4)

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Working Paper: Creditor Rights and the Credit Market: Where Do We Stand? (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:1348

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