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...

The world economic order created by the internationot;nal economic institutions such as the IMF and World Bank - the Siamese twins born at Bretton Woods - did not benefit the poor countries and there is no prosnot;pect for them to improve their living standards. Before the Bretton Woods era,...