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Institutional Arrangements to Ensure Willingness to Repay in Financial Markets: A Case Study of Paraguay

Author

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  • Stéphane Straub
  • Horacio Sosa

Abstract

The paper examines the consequences of the deficiencies in the legal protection of creditors` rights and the low efficiency of judicial enforcement on the functioning of credit markets in Paraguay, as well as the solutions developed to compensate for the informality and enforcement flaws of financial contracts.

Suggested Citation

  • Stéphane Straub & Horacio Sosa, 1999. "Institutional Arrangements to Ensure Willingness to Repay in Financial Markets: A Case Study of Paraguay," Research Department Publications 3062, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:3062
    as

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    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=R-364&pub_file_name=pubR-364.pdf
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    References listed on IDEAS

    as
    1. La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. " Legal Determinants of External Finance," Journal of Finance, American Finance Association, vol. 52(3), pages 1131-1150, July.
    2. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1998. "Law and Finance," Journal of Political Economy, University of Chicago Press, vol. 106(6), pages 1113-1155, December.
    3. Padilla, A. Jorge & Pagano, Marco, 2000. "Sharing default information as a borrower discipline device," European Economic Review, Elsevier, vol. 44(10), pages 1951-1980, December.
    4. Manove, M. & Padilla, A.J. & Pagano, M., 1998. "Collateral vs. Project Screening: a Model of Lazy Banks," Papers 9807, Centro de Estudios Monetarios Y Financieros-.
    5. repec:hrv:faseco:30728041 is not listed on IDEAS
    6. Petersen, Mitchell A & Rajan, Raghuram G, 1994. " The Benefits of Lending Relationships: Evidence from Small Business Data," Journal of Finance, American Finance Association, vol. 49(1), pages 3-37, March.
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    Cited by:

    1. Galarza, Francisco, 2003. "El crédito solidario, el colateral social, y la colusión. Algunos apuntes
      [Group Lending, Social Collateral and Collusion. Some Notes]
      ," MPRA Paper 30442, University Library of Munich, Germany.

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