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Title:The interplay of legal and social norms and the failure of the bank credit market in Bulgaria PDF Logo
Authors:Größl, Ingrid
Issue Date:2005
Series/Report no.:Discussion papers // Zentrum für Ökonomische und Soziologische Studien 04
Abstract: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.
JEL:G21
G38
P14
P21
P31
P39
Z00
Document Type:Working Paper
Appears in Collections:Discussion Papers, Zentrum für Ökonomische und Soziologische Studien, Universität Hamburg (UHH)

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