Galindo, Arturo José; Micco, Alejandro - In: World Bank Economic Review 21 (2007) 3, pp. 413-438
This article studies the relationship between creditor protection and credit responses to macroeconomic shocks. Using a data set on legal determinants of finance in a panel of data on aggregate credit growth for 79 countries during 1990--2004, it is shown that credit is more responsive to...