The interplay of legal and social norms and the failure of the bank credit market in Bulgaria

Arbeitspapier

We take up the widely held view that the observed discrepancy between law on the books and law in action has prevented economic transition and investigate its role for the failure of the Bulgarian credit market. In doing so, we focus on the role of injunctive informal institutions which have become internalized in the course of social development. Based on cross-cultural psychology, we show that a particular bundle of fundamental social norms which constitute basic value orientations have both prevented the development of stabilizing regulations and an overall compliance with prevailing laws.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ZÖSS Discussion Paper ; No. 04

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Corporate Finance and Governance: Government Policy and Regulation ; Capitalist Systems: Property Rights ; Socialist Systems and Transitional Economies: Planning, Coordination, and Reform ; Socialist Enterprises and Their Transitions ; Socialist Institutions and Their Transitions: Other ; Other Special Topics: General

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Größl, Ingrid
• Ereignis: Veröffentlichung
• (wer): Universität Hamburg, Zentrum für Ökonomische und Soziologische Studien (ZÖSS)
• (wo): Hamburg
• (wann): 2005

Weitere Informationen

• Handle: http://hdl.handle.net/10419/44935
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ