Series: IMF Working Papers
Author(s): Pablo Druck , Alexander Plekhanov , and Mario Dehesa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2007
Keywords: Private credit, creditor rights, volatility, relative price, relative price variability, high inflation, price stability,
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 in...