Institutional%20Arrangements%20to%20Ensure%20Willingness%20to%20Repay%20in%20Financial%20Markets%3A%20%20A%20Case%20Study%20of%20Paraguay

Working Papers (Research Network)

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


CODE: R-364
AUTHOR(s): Sosa, Horacio , Straub, Stéphane
PUBLISHED: April 1999
LANGUAGE: English
RELATED TOPICS: Finance
DOWNLOAD FILE IN: English

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.

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