Research Network Working Paper, 428. The importance of an effective legal system for credit markets / Marcela Cristini 

Público ISBD Título de serie: Research Network Working Paper, 428 Título : The importance of an effective legal system for credit markets : the case of Argentina Tipo de documento: texto impreso Autores: Marcela Cristini ; Ramiro Moya ; Andrew Powell Editorial: Washington : Banco Interamericano de Desarrollo Fecha de publicación: 2001 Número de páginas: 40 p Idioma : Inglés Temas: ARGENTINA BANCO INTERAMERICANO DE DESARROLLO CREDITO DERECHO DERECHO BANCARIO LEGISLACION Clasificación: 338.9 Resumen: Argentina is a federal country and hence, although laws are national and the central bank has national jurisdiction as a regulator of the financial system, the 24 Argentine provinces have independent judicial authority. In this paper we analyze how variations in the effectiveness of the legal system across the different provinces have affected the development of credit markets. We find strong results. Provinces with poor legal enforcement have less credit available to borrowers and banks’ non-performing loans are higher. We conclude that the effectiveness of the legal system remains a highly significant variable in determining the development of the Argentine credit market and that improvements in the legal system would result in a significant increase in the availability of credit. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788056 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72906 Research Network Working Paper, 428. The importance of an effective legal system for credit markets : the case of Argentina [texto impreso] / Marcela Cristini ; Ramiro Moya ; Andrew Powell . - Washington : Banco Interamericano de Desarrollo, 2001 . - 40 p. Idioma : Inglés Temas: ARGENTINA BANCO INTERAMERICANO DE DESARROLLO CREDITO DERECHO DERECHO BANCARIO LEGISLACION Clasificación: 338.9 Resumen: Argentina is a federal country and hence, although laws are national and the central bank has national jurisdiction as a regulator of the financial system, the 24 Argentine provinces have independent judicial authority. In this paper we analyze how variations in the effectiveness of the legal system across the different provinces have affected the development of credit markets. We find strong results. Provinces with poor legal enforcement have less credit available to borrowers and banks’ non-performing loans are higher. We conclude that the effectiveness of the legal system remains a highly significant variable in determining the development of the Argentine credit market and that improvements in the legal system would result in a significant increase in the availability of credit. En línea: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788056 Enlace permanente a este registro: https://opac.um.edu.uy/index.php?lvl=notice_display&id=72906

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Inventario	Ubicación en el estante	Tipo de medio	Sección	Ubicación	Estado
038334	338.9 RES v.428	Libro	Colección	Biblioteca Central	Disponible

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