When Do Creditor Rights Work?

Creditor-friendly laws are generally associated with more credit to the private sector and deeper financial markets. But laws mean little if they are not upheld in the courts. The authors hypothesize that the effectiveness of creditor rights is str...

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Bibliographic Details
Main Authors:	Safavian, Mehnaz, Sharma, Siddharth
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO BANK ACCESS TO CREDIT ADVERSE SELECTION ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BANK CREDIT BANK FINANCING BANK LENDING BANK LOAN BANK LOANS BANKING SECTOR BANKRUPTCY BANKRUPTCY LAWS BORROWER BORROWING CENTRAL ASIAN CHECKS COLLATERAL COLLATERAL AGREEMENTS COLLATERAL LAW COLLATERAL LAWS COMMERCIAL BANKS CONTRACT DISPUTE CONTRACT DISPUTES CONTRACT ENFORCEMENT COST OF CREDIT COUNTRY FIXED EFFECTS CREDIT INCREASES CREDIT INFORMATION CREDIT INFORMATION BUREAUS CREDIT INFORMATION SYSTEM CREDIT INFORMATION SYSTEMS CREDIT INSTITUTIONS CREDIT LAW CREDIT LAWS CREDIT MARKET CREDIT MARKETS CREDIT RATIONING CREDITOR CREDITOR RIGHT CREDITOR RIGHTS CREDITORS DEBT DEBT RECOVERY DEBTOR DELINQUENCY DEMAND FOR CREDIT DUMMY VARIABLE EAST EUROPEAN ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC THEORY ECONOMICS EMPLOYMENT ENFORCEMENT MECHANISMS ENFORCEMENT PROCEDURES ENFORCEMENT SYSTEM EXTERNAL FINANCE FINANCE CORPORATION FINANCIAL CONTRACTS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL OUTCOMES FINANCIAL SECTOR FINANCIAL STATEMENTS FOREIGN OWNERSHIP GOVERNMENT OWNERSHIP GROSS DOMESTIC PRODUCT IMPERFECT INFORMATION INCOME INCOMPLETE CONTRACTS INFORMATIONAL ASYMMETRIES INSTRUMENT INTEREST RATE INTEREST RATE SPREADS INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INVESTMENT FINANCE INVESTOR PROTECTION JUDICIAL EFFICIENCY JUDICIAL ENFORCEMENT JUDICIAL REFORM LEGAL ENFORCEMENT LEGAL FRAMEWORK LEGAL PROTECTIONS LEGAL REFORM LEGAL RIGHTS LEGAL RIGHTS OF CREDITORS LEGAL SYSTEM LEGAL SYSTEMS LENDERS LOAN LOAN CONTRACTS LOAN REPAYMENT LOCAL GOVERNMENTS MARKET FAILURE MARKET FAILURES MARKET REFORMS MIGRATION MORAL HAZARD MOVABLE PROPERTY PERMANENT EMPLOYEES PERMANENT WORKERS POLITICAL ECONOMY POSITIVE COEFFICIENTS PRIVATE CREDIT PRIVATE CREDIT BUREAU PRIVATE REGISTRY PROPERTY RIGHTS REGRESSION ANALYSIS REMITTANCES REORGANIZATION TANGIBLE ASSETS TRADE CREDITORS TRANSACTIONS LAWS TRANSITION COUNTRIES TRANSITION ECONOMIES USE OF BANK CREDIT
Online Access:	http://documents.worldbank.org/curated/en/2007/08/8011242/creditor-rights-work http://hdl.handle.net/10986/7488

Internet

http://documents.worldbank.org/curated/en/2007/08/8011242/creditor-rights-work
http://hdl.handle.net/10986/7488

When Do Creditor Rights Work?

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