![Does judicial efficiency lower the cost of credit? [An article from: Journal of Banking and Finance]](https://www.ebooknetworking.net/books/B00/0RR/bigB000RR2US6.jpg)
Does judicial efficiency lower the cost of credit? [An article from: Journal of Banking and Finance]
Book Details
Author(s)L. Laeven, G. Majnoni
PublisherElsevier
ISBN / ASINB000RR2US6
ISBN-13978B000RR2US6
MarketplaceFrance 🇫🇷
Description
This digital document is a journal article from Journal of Banking and Finance, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
We investigate the effect of judicial efficiency on banks' lending spreads for a large cross-section of countries. We measure bank interest rate spreads for 106 countries at the country level and for 32 countries at the level of individual banks. We find that judicial efficiency and inflation rates are the main drivers of interest rate spreads across countries. Our results suggest that improvements in judicial efficiency and judicial enforcement of debt contracts are critical to lowering the cost of financial intermediation for households and firms.
Description:
We investigate the effect of judicial efficiency on banks' lending spreads for a large cross-section of countries. We measure bank interest rate spreads for 106 countries at the country level and for 32 countries at the level of individual banks. We find that judicial efficiency and inflation rates are the main drivers of interest rate spreads across countries. Our results suggest that improvements in judicial efficiency and judicial enforcement of debt contracts are critical to lowering the cost of financial intermediation for households and firms.
