Economic effects of creditors' rights protection

The willingness of creditors to satisfy the credit demand of the population and the economy under mutually acceptable conditions directly depends on the degree of legal protection enjoyed by creditors. In this paper, we deal with the protection of creditors' rights and the instruments used for...

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Autor principal:	Lekpek Ahmedin
Formato:	article
Lenguaje:	EN SR
Publicado:	Faculty of Law, Niš 2021
Materias:	creditors protection of creditors' rights debtors collateral covenants currency clause credit insurance Law K
Acceso en línea:	https://doaj.org/article/3a97a2d4cd0f49ef84906a88f8d29dc8
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spelling	oai:doaj.org-article:3a97a2d4cd0f49ef84906a88f8d29dc82021-12-05T21:40:11ZEconomic effects of creditors' rights protection0350-85012560-311610.5937/zrpfn0-33013https://doaj.org/article/3a97a2d4cd0f49ef84906a88f8d29dc82021-01-01T00:00:00Zhttps://scindeks-clanci.ceon.rs/data/pdf/0350-8501/2021/0350-85012191141L.pdfhttps://doaj.org/toc/0350-8501https://doaj.org/toc/2560-3116The willingness of creditors to satisfy the credit demand of the population and the economy under mutually acceptable conditions directly depends on the degree of legal protection enjoyed by creditors. In this paper, we deal with the protection of creditors' rights and the instruments used for this purpose. The aim of this paper is to consider the economic effects arising as a result of the application of instruments of creditors' rights protection, which affect not only the financial position of creditors and debtors but also the stability and efficiency of the financial and economic system as a whole. The research results show that the existence of an adequate level of protection of creditors' rights has a strong positive impact on the size and activity of the credit market. On the other hand, the application of various instruments of creditors' rights protection can cause both positive and negative effects on the creditors position. Yet, an excessively high level of creditors' protection can significantly worsen the position of debtors and, consequently, aggravate the position of creditors in the long run.Lekpek AhmedinFaculty of Law, Nišarticlecreditorsprotection of creditors' rightsdebtorscollateralcovenantscurrency clausecredit insuranceLawKENSRZbornik Radova Pravnog Fakulteta u Nišu, Vol 60, Iss 91, Pp 141-159 (2021)
institution	DOAJ
collection	DOAJ
language	EN SR
topic	creditors protection of creditors' rights debtors collateral covenants currency clause credit insurance Law K
spellingShingle	creditors protection of creditors' rights debtors collateral covenants currency clause credit insurance Law K Lekpek Ahmedin Economic effects of creditors' rights protection
description	The willingness of creditors to satisfy the credit demand of the population and the economy under mutually acceptable conditions directly depends on the degree of legal protection enjoyed by creditors. In this paper, we deal with the protection of creditors' rights and the instruments used for this purpose. The aim of this paper is to consider the economic effects arising as a result of the application of instruments of creditors' rights protection, which affect not only the financial position of creditors and debtors but also the stability and efficiency of the financial and economic system as a whole. The research results show that the existence of an adequate level of protection of creditors' rights has a strong positive impact on the size and activity of the credit market. On the other hand, the application of various instruments of creditors' rights protection can cause both positive and negative effects on the creditors position. Yet, an excessively high level of creditors' protection can significantly worsen the position of debtors and, consequently, aggravate the position of creditors in the long run.
format	article
author	Lekpek Ahmedin
author_facet	Lekpek Ahmedin
author_sort	Lekpek Ahmedin
title	Economic effects of creditors' rights protection
title_short	Economic effects of creditors' rights protection
title_full	Economic effects of creditors' rights protection
title_fullStr	Economic effects of creditors' rights protection
title_full_unstemmed	Economic effects of creditors' rights protection
title_sort	economic effects of creditors' rights protection
publisher	Faculty of Law, Niš
publishDate	2021
url	https://doaj.org/article/3a97a2d4cd0f49ef84906a88f8d29dc8
work_keys_str_mv	AT lekpekahmedin economiceffectsofcreditorsrightsprotection
_version_	1718370937207783424

Economic effects of creditors' rights protection

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