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Financial Development and Structure 1960-2010

Aruba, Afghanistan, Angola...and 192 more, 1960 - 2010
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Reference ID
WLD_1960-2010_FDS_v02_M
Producer(s)
Thorsten Beck and Asli Demirguc-Kunt (World Bank), Ross Eric Levine (Carlson School of Management, University of Minnesota)
Metadata
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Created on
Sep 05, 2014
Last modified
Jun 14, 2022
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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

Categories
Value Category Cases
0 5
10.6%
1 10
21.3%
2 11
23.4%
3 8
17%
4 13
27.7%
Sysmiss 59
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.

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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