The paper examines whether the creditor protection promotes credit market development in the emerging countries. It analyses the available data for a sample of 15 emerging countries over the time-span, 1995-2013 with the aid of three alternative dynamic panel data models: dynamic fixed effect...

This paper studies the relationship between creditor protection and credit volatility. During the negative phase of the business cycle, credit contracts more in countries with poor creditor protection. For similar shocks to business conditions, credit is more volatile in countries where...