Creditor protection and credit response to shocks

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This article studies the relationship between creditor protection and credit responses to macroeconomic shocks. Using a data set on legal determinants of finance in a panel of data on aggregate credit growth for 79 countries during 1990-2004, it is shown that credit is more responsive to external shocks in countries with weak legal creditor protection and weak enforcement. The results are statistically and economically significant and robust to alternative...

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Author

Galindo, Arturo Jose;

Micco,Alejandro Javier;
Document Date
2007/09/01
Document Type
Journal Article
Report Number
77548
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2013/05/27
Disclosure Status
Disclosed
Doc Name
Creditor protection and credit response to shocks
Keywords
creditor protection

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Citation

Galindo, Arturo Jose; Micco,Alejandro Javier.

Creditor protection and credit response to shocks (English). Washington DC : World Bank. http://documents.worldbank.org/curated/en/592041468180900169

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