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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/5470

Title: Creditor protection and banking system development in India
Authors: Deakin, Simon
Demetriades, Panicos
James, Gregory
Keywords: Creditor rights
Legal origin
Banking development
India
Issue Date: 2009
Publisher: © Loughborough University
Series/Report no.: Loughborough University. Department of Economics. Discussion Paper Series;WP 2009 - 12
Abstract: We use a new legal dataset tracking changes in creditor protection law over several decades to study the impact of legal reforms on banking system development in India. Cointegration analysis is used to show that the strengthening of creditor rights in relation to the enforcement of security interests in the 1990s and 2000s led to an increase in bank credit. We show that the change in the law was not endogenous to trends in stock market development and GDP per capita, and that the direction of causation ran from legal reform to banking development, rather than the reverse.
Description: This is a working paper. It is also available at: http://ideas.repec.org/p/lbo/lbowps/2009_12.html
Version: Published
URI: https://dspace.lboro.ac.uk/2134/5470
ISSN: 1750-4171
Appears in Collections:Working Papers (Economics)

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