IDEAS home Printed from https://ideas.repec.org/a/cai/repdal/redp_326_0985.html
   My bibliography  Save this article

Legislative Inflation and Private Credit

Author

Listed:
  • Nicolae Stef
  • Jean-Loup Soula
  • Alexandre Pourchet

Abstract

This study investigates how legislative inflation relates to private credit at the national level. Using a panel data set of 33 countries covering 2004?2016, we confirm that government effectiveness moderates the relationship between enacting new central laws and domestic credit. In environments with more effective governments, legislative creation can lead to lending expansion. Consequently, banking systems seem to perceive severe changes to the national legislation as ongoing improvements to replace inefficient or obsolete laws. JEL Classification : G21, G28, K10

Suggested Citation

  • Nicolae Stef & Jean-Loup Soula & Alexandre Pourchet, 2022. "Legislative Inflation and Private Credit," Revue d'économie politique, Dalloz, vol. 132(6), pages 985-1012.
    • Handle: RePEc:cai:repdal:redp_326_0985
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_326_0985
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-politique-2022-6-page-985.htm
    Download Restriction: free
    ---><---

    More about this item

    Keywords

    Private credit; Banks; Legislative inflation; New laws; Institutions;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:repdal:redp_326_0985. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-politique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.