Judicial efficiency improves bank credit – Bank of Italy paper
Banks lend more freely and at lower rates in regions with swifter bankruptcy proceedings
Greater efficiency by Italian courts is associated with significantly better bank loan conditions for firms, a working paper published by the Bank of Italy finds.
In Judicial efficiency and bank credit to firms, Giacomo Rodano uses a dataset on all Italian firms with bank debts of at least €30,000 ($35,500). Different Italian regions take widely varying approaches to enforcing judicial rulings, Rodano says. This allows analysts to isolate the effects of judicial enforcement on banks’ lending
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