| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11078 |
| 来源ID | Working Paper 11078 |
| Private Credit in 129 Countries | |
| Simeon Djankov; Caralee McLiesh; Andrei Shleifer | |
| 发表日期 | 2005-01-24 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We investigate cross-country determinants of private credit, using new data on legal creditor rights and private and public credit registries in 129 countries. We find that both creditor protection through the legal system and information sharing institutions are associated with higher ratios of private credit to GDP, but that the former is relatively more important in the richer countries. An analysis of legal reforms also shows that improvements in creditor rights and in information sharing precede faster credit growth. We also find that creditor rights are extremely stable over time, contrary to the convergence hypothesis. Finally, we find that legal origins are an important determinant of both creditor rights and information sharing institutions. |
| 主题 | Financial Economics ; Corporate Finance ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w11078 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568713 |
| 推荐引用方式 GB/T 7714 | Simeon Djankov,Caralee McLiesh,Andrei Shleifer. Private Credit in 129 Countries. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11078.pdf（669KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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