Relative Price Stability, Creditor Rights, and Financial Deepening /

The paper provides a theoretical and cross-country empirical analysis of the determinants of financial deepening, and finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower inflation, and that the marginal effect of improvements in creditor rights protection is...

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Bibliographic Details
Main Author: Druck, Pablo
Other Authors: Dehesa, Mario, Plekhanov, Alexander
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Working Papers; Working Paper ; No. 2007/139
Online Access:Full text available on IMF