Financial Development and Structure 1960-2010

Aruba, Afghanistan, Angola...and 192 more, 1960 - 2010

Reference ID

WLD_1960-2010_FDS_v02_M

DOI

https://doi.org/10.48529/7dk1-kn47

Producer(s)

Thorsten Beck and Asli Demirguc-Kunt (World Bank), Ross Eric Levine (Carlson School of Management, University of Minnesota)

Collection(s)

Development Research Microdata Fragility, Conflict and Violence

Metadata

Documentation in PDF DDI/XML JSON

Study website

Created on

Apr 01, 2011

Last modified

Oct 26, 2023

Page views

158352

Downloads

23535

Creditor Rights (crights)

Data file: request8095

Overview

Valid: 47

Invalid: 59

Type: Discrete

Decimal: 0

Start: 809

End: 809

Width: 1

Range: 0 - 4

Format: Numeric

Questions and instructions

Value	Cases
0	5	10.6%
1	10	21.3%
2	11	23.4%
3	8	17%
4	13	27.7%
Sysmiss	59

Description

Universe

1980-1995

Imputation and derivation

Derivation

An index aggregating different creditor rights. The index is formed by adding 1 if: (1) the country imposes restrictions, such as creditors’ consent, to file for reorganization; (2) secured creditors are able to gain possession of their security once the reorganization petition has been approved (no automatic stay); (3) secured creditors are ranked first in the distribution of the proceeds that result from the disposition of assets of a bankrupt firm; and (4) the debtor does not retain the administration of its property pending the resolution of the reorganization. The index ranges from 0 to 4.

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