Law & Health Weekly
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Financial Economics
Researchers from Harvard University discuss findings in financial economics
August 18th, 2007
"We investigate cross-country determinants of private credit, using new data on legal creditor rights and private and public credit registries in 129 countries. Both creditor protection through the legal system and information-sharing institutions are associated with higher ratios of private credit to gross domestic product, but the former is relatively more important in the richer countries," scientists in the United States report. "An analysis of legal reforms shows that credit rises after improvements in creditor rights and in information sharing. Creditor rights are remarkably stable over time, contrary to the hypothesis that legal rules are converging. Finally,...
Source: Law & Health Weekly (2007-08-18)
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