Creditor Protection, Information Sharing and the Development of the Credit Market in the Mercosul Countries

This work analyses how the degree of creditor protection and the existence of credit information systems impact the development of the credit market of the countries which make up Mercosul. Using quantile regression to approach the problem empirically, the results obtained indicate that despite the effect being positive for all Mercosul countries, those with biggest development index in the credit market are more sensible to an increase both in the creditor rights and the implementation of a credit information system.